WPCS to acquire Max Engineering, bolster infrastructure business

WPCS International Inc. said it will spend $800,000 in cash and stock to acquire Houston’s Max Engineering.
Max Engineering, which was founded in 2000, provides engineering services for infrastructure in the telecommunications and energy markets. The company’s customers include AT&T Mobility, Clearwire Corp., Leap Wireless International Inc. and FiberTower.
WPCS, which is based in Exton, Pa., does similar work, but specializes in mobile.
“Up until this point, we have remained a small and profitable company,” said Max Engineering President Hak-Fong Ma. “However, due to the abundance of opportunities, there is a need to expand. We believe that becoming part of WPCS will allow us to experience efficient growth and achieve new levels of revenue and profit.”
Shares of WPCS inched upward 2%, or 24 cents, to $12.77 on the news.