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Redline Communications Group Inc Signs Letters Of Intent To Acquire Two Companies


Thursday, 20 Jun 2013 06:47am EDT 

Redline Communications Group Inc announced that it has executed two separate non-binding letters of intent to acquire businesses with specific expertise in wireless communications and integrated solutions based on wireless infrastructure. One of the targets is a North American provider of communications infrastructure products focused on Energy, Utilities and Public Safety and the other, based in the Middle East, offers fully integrated applications and solutions primarily for the oil and gas industry. Both companies have experience selling to industrial customers which operate in remote regions, the same market addressed by Redline. The terms of the proposed transactions are confidential but the Company expects to provide additional details, including details on the contemplated closing dates, upon execution of definitive agreements. 

Company Quote

2.5
0.0 +0.00%
23 Jan 2015