CalAmp Completes Wireless Matrix Acquisition

CalAmp Completes Wireless Matrix Acquisition

OXNARD, CA — (Marketwire) — 03/04/13 — CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, announced today that it has completed the previously announced acquisition of the operations of Wireless Matrix Corporation (TSX: WRX). This acquisition will enable CalAmp to expand its product and service offerings within core vertical markets.The purchase price was $52.9 million paid in cash at closing. The assets acquired by CalAmp included cash of approxima