Novatel Wireless Acquires Enfora for $70,500,000

  • Feed Type
  • Date
    11/8/2010
  • Company Name
    Enfora
  • Mailing Address
    251 Renner Pkwy Richardson, TX 75080
  • Company Description
    Enfora is a leader in enabling GSM/GPRS and 802.11 wireless data solutions to enhance mobility and data access from remote locations for public and corporate sectors. From advanced technology for OEMs and developers to innovative products for end-users, Enfora puts the power of wireless wherever you need it. Enfora’s family of GSM/GPRS and 802.11 products provide access to mission-critical data, files and applications – anywhere, anytime.
  • Website
    http://www.enfora.com
  • Transaction Type
    M&A
  • Transaction Amount
    $70,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Consideration will be approximately US$64.5 million in cash at closing, subject to certain working capital adjustments. Possible additional consideration of up to US$6 million is contingent on certain performance targets being met.

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