IPC INFORMATION SYSTEMS TO ACQUIRE ORBACOM SYSTEMS AND FORM COMMAND & CONTROL DIVISION.

AsiaPulse News,  October, 2004  

Tags: Business Wire, Company, industry, MARKETING, radio

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(Full text of statement. Contact details below.)

NEW YORK--(BUSINESS WIRE)--Oct. 4, 2004--

-Company Will Lead Technology Transfer from Capital Markets to Public Safety and Security-

IPC Information Systems, LLC, announced today it has entered into a definitive purchase agreement to acquire Orbacom Systems, Inc. for up to $18 million in cash, including deferred consideration and earnout commitments. The closing of the transaction is subject to clearance under the New Jersey Industrial Site Recovery Act, which the Company anticipates within 60 days.

Orbacom provides specialized radio consoles and computer aided dispatch software for use in Command & Control communications. ...