CIO Influence
CIO Influence News IoT

Maury Microwave Completes Acquisition of Wireless Telecom Group

Maury Microwave Completes Acquisition of Wireless Telecom Group

Wireless Telecom Group, Inc., a leading test & measurement solutions provider, announced that Maury Microwave, a leading provider of state-of-the-art RF measurement and interconnect solutions for wireless communication technologies, completed its previously announced acquisition of WTT.

“The combination of Maury Microwave and WTT, including its prominent test and measurement divisions Boonton, Holzworth, and Noisecom, will enable us to provide even more comprehensive solutions and superior service to our customers,” Maury Microwave Executive Chairman Bill Pezza said. “We welcome the talented team from WTT to the Maury organization and look forward to a future of innovative growth together.”

CIO INFLUENCE News: Netstock Welcomes Industry Leaders to Fuel Growth and Customer Excellence

Daniel Monopoli, WTT’s General Manager stated, “At WTT, we are all excited to collaborate with the Maury team to usher in the Company’s next phase of growth and look forward to developing a complementary technology portfolio that provides even greater value to our customers, suppliers, and employees.”

The all-c*** transaction was announced on May 25, 2023. Under the terms of the merger agreement, Maury acquired all the outstanding shares of the Company for c*** consideration of $2.13 per share. Payment of the merger consideration will be made as promptly as practical following receipt of written confirmation of administrative approval by the State of New Jersey, which is expected in approximately seven business days.

CIO INFLUENCE News: Stratosphere Networks Becomes RingCentral C******** Delivery Partner

In connection with the completion of the transaction, WTT’s common stock ceased trading and is no longer listed on the NYSE American.

Advisors

CDX Advisors served as exclusive financial advisor and Bryan Cave Leighton Paisner LLP served as legal counsel to WTT. Morgan, Lewis & Bockius LLP served as legal counsel to Maury Microwave.

About Wireless Telecom Group, Inc.

Wireless Telecom Group, Inc., comprised of Boonton, Holzworth, and Noisecom, is a global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. Serving the wireless, telecommunication, satellite, military, aerospace, and semiconductor industries, Wireless Telecom Group products enable innovation across a wide range of traditional and emerging wireless technologies.

CIO INFLUENCE News: Kinetic Business Launches All-In-One Security Solution to Protect Businesses from Cyberthreats

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Grayshift Introduces Powerful New Capabilities and Exclusive Mobile Device Support in ArtifactIQ, the First Cloud-Native Mobile Device Forensic Analysis Solution

CIO Influence News Desk

Xage Draws Chevron Backing to Accelerate Zero Trust Adoption in Energy

Geogentia Launches Revolutionary Service for Detecting Contraband in Secure Facilities

Business Wire