TeleCommunication Systems Acquires Networks In Motion for $170,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c4b2df02-82f0-4332-9373-0a70cecc22a4&Preview=1
Date
12/2/2009
Company Name
Networks In Motion
Mailing Address
6A Liberty Aliso Viejo, CA 92656
Company Description
Networks In Motion (NIM) is an award winning Wireless Navigation and LBS Company, with products that are built on a foundation of strategic patents, scalable and extensible server network, advanced mapping technology and integration with emerging wireless and positioning technologies.
Website
http://networksinmotion.com
Transaction Type
M&A
Transaction Amount
$170,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The merger consideration will be paid in a combination of cash, TCS common stock and promissory notes.