CALAMP CORP. (NASDAQ:CAMP) Files An 8-K Other Events

CALAMP CORP. (NASDAQ:CAMP) Files An 8-K Other Events
Item 8.01Other Events.

Story continues below

On February 25, 2019, CalAmp Corp. (the “Company”) disclosed that the Company had entered into a definitive agreement to acquire CarMart S.A. DE C.V., doing business as LoJack® Mexico, the Company’s LoJack technology licensee for the Mexican market, for a cash purchase price of approximately US $13.0 million, and was expected to close in the first quarter of 2019, subject to regulatory requirements and the satisfaction of certain closing conditions (the “Acquisition”).

The Company closed the Acquisition on March 19, 2019.


CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Company’s MRM and M2M solutions collect, monitor and report data and intelligence from remote and mobile assets. The Company delivers products, software services and solutions for energy, government, transportation and automotive vertical markets. The Company’s Satellite segment develops, manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices enabling the delivery of digital and high definition satellite television services. Its satellite products are sold primarily to EchoStar.

An ad to help with our costs