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Stock impact report

ADDvantage Technologies Completes Acquisition of Fulton Technologies, Inc. and Mill City Communications, Inc., Marking Entry into the Wireless Infrastructure Services Business

ADDvantage Technologies Group, Inc. (AEY) 
Company Research Source: GlobeNewswire
BROKEN ARROW, Okla., Jan. 10, 2019 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY), today announced it has completed the acquisition of substantially all of the assets of Fulton Technologies, Inc. and Mill City Communications, Inc., (collectively, “Fulton Technologies”) for a total purchase price of $1.7 million. The assets will form a wholly-owned subsidiary of ADDvantage Technologies, operating under the name ‘Fulton Technologies’ and led by Fulton Technologies, Inc.’s existing management team. This acquisition launches ADDvantage Technologies’ new offering, which provides wireless infrastructure services to the telecommunications market. Fulton Technologies offers comprehensive wireless infrastructure services to enable it to rapidly start servicing this market. Fulton has a strong reputation in the wireless services industry and maintains solid contractual relationships with the four major U.S. wireless carriers, the national integrators and the original e Show less Read more
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