Monday, September 29, 2008

Comarco Sells Wireless Test Business

Lake Forest-based Comarco announced Monday that it has agreed to sell its wireless test solutions business to Ascom Holdings A.G, in a deal worth approximately $12.75M in cash. Comarco said the sale is part of its strategy to focus its business on its mobile power solutions. Comarco said the divestiture should "dramatically" reduce its operating costs. Comarco's wireless test business provides wireless network testing for mobile service providers; its customers include Verizon, AT&T, and Rogers Canada. Ascom and Comarco have been working together on mobile test products since 2006.