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Saturday, 20 November 2010

Novatel Wireless is Enfora for up to $70 million

Novatel Wireless wireless broadband solutions provider has agreed to acquire a Enfora, a private company wireless assets and the machine-machine (M2M) communications management solutions provider for about $ 64.5 million in cash. The purchase price includes the low pay all the debts.

Account of up to $6 million, according to certain performance targets achieved, is also part of the agreement.

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