Comtech a possible suitor for Georgia company
Wearable computer made by the LXE division of EMS Technologies Credit: EMS Technologies handout
Analysts say Comtech Telecommunications Corp. is among the likely potential buyers for a Georgia communications company, EMS Technologies, according to a Reuters report.
Comtech, based in Melville, is a defense electronics contractor.
EMS has a market capitalization of $387 million. It has four divisions supplying the aviation, defense, global tracking and logistics markets.
EMS's aviation division makes satellite aircraft communication products; and its LXE division makes handheld and wearable computers for the logistics market.
The wireless communications products maker EMS is under pressure from an activist investor, MMI Investments LP, the report says. MMI, a Manhattan hedge fund that owns nearly 8 percent of EMS stock, has demanded that EMS Technologies speed up the process of selling itself.
Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
