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Comtech To Acquire Wireless Communications Technology Company TCS

Cal Biesecker By
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Comtech Telecommunications Corp. [CMTL] on Monday said it has agreed to acquire Telecommunication Systems, Inc. [TSYS] in a deal to expand its domestic and international offerings of C4ISR and next-generation emergency communications services.Comtech will pay $5 per TCS share for an enterprise value of $430.8 million. The two companies combined would have annual sales of about $671.4 million and 2,000 employees.Comtech said the pending acquisition, which is expected to close by March 2016, gives it more scale and a diversified…

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