A definitive acquisition agreement between General Dynamics and IPW Holdings has been signed, but its financial terms of what will be a cash transaction have not been disclosed.
IPWireless produces 3G and 4G wireless-network components, devices and end-to-end systems for first-responders and other mobile users.
"First responders need fast, reliable and secure access to full-motion video and other high-bandwidth services to protect the public and themselves," said Chris Marzilli, president of General Dynamics C4 Systems. "Recent legislative initiatives have accelerated the adoption of these technologies throughout the public safety community and IPWireless provides the end-user devices and scalable networking components that enable that access.
"Building on our legacy as a trusted provider of mission-critical military networking capabilities and applications that deliver access to lifesaving data on the battlefield, IPWireless' technologies will allow General Dynamics to expand our commercial networking solutions to better serve the needs of our U.S. defense and civilian customers, and international customers as well."
General Dynamics said the boards of directors of both companies have approved the acquisition, and it is expected to be completed in the third quarter of this year.
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