OXNARD, Calif.—CalAmp Corp. said it signed a definitive agreement to buy Dataradio Inc. for about $54.6 million in a move it says will expand its wireless data communications business for public-safety and machine-to-machine applications.
CalAmp provides wireless equipment, engineering services and software for critical information, data and entertainment content. Dataradio, a privately held company based in Canada, was founded in 1981 and provides advanced wireless data systems, products and solutions for public safety, critical infrastructure and industrial control applications. The company employs about 175 employees in offices in Montreal, Minnesota and Georgia.
“Dataradio brings us a critical mass of core competencies and market presence around which we can further develop and grow our wireless data communications business,” said Fred Sturm, president and chief executive officer of CalAmp. “Dataradio’s systems design and integration expertise, combined with a broad base of industrial and municipal customers, greatly enhances CalAmp’s competitive position and long-term growth potential. Once combined with CalAmp’s existing businesses that provide wireless products and solutions for M2M and public safety applications, we expect our data communications business will have an annual revenue run rate in excess of $60 million.”
The acquisition is expected to close within weeks.
