Wireless Telecom Group, Inc. Announces the Sale of its RF Components Business, Microlab LLC, to RF Industries, Inc.
Following the sale, Wireless Telecom Group plans to focus its business strategy on its higher-growth, higher-margin test and measurement and 5G product and software businesses Parsippany, New Jersey, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (the "Company") today announced that it entered into a definitive agreement to sell its Microlab LLC radio frequency components business to RF Industries, Inc. (NASDAQ:RFIL) for an aggregate cash consideration of $24.25 million. The transaction, which was unanimously approved by the board of directors of both companies, is subject to various terms and conditions, including approval by Wireless Telecom Group's
