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EMS sell its EMS Wireless division

12 декабря 2006
ET Satellite and EMS Technologies Inc. said it agreed to sell its EMS Wireless division to communications systems provider Andrew Corp. for $50.5 million in cash.

The companies plan to close the transaction within 30 to 60 days, subject to closing conditions and certain required third-party consents.

EMS Wireless, formed in 1993, employs approximately 200 people and is headquartered in Norcross, Georgia. The division's core product lines are base station antennas for mobile wireless and fixed wireless applications, and in-building and repeater services. EMS will remain liable for certain warranties and representations contained in the sales agreement. The company said it will now concentrate on the development of its three core businesses - defense and space systems, LXE, and EMS SATCOM.

EMS shares rose 84 cents, or 4.6 percent, to $19.09 in afternoon trading on the Nasdaq, while Andrew shares were down 19 cents, or 2.1 percent, at $9.07.

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