Route1 Closes the Acquisition of Group Mobile [Canadian Business Journal (Canada)]
XpresSpa Group, Inc. (XSPA)
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Source: Canadian Business Journal
Route1 Closes the Acquisition of Group Mobile TORONTO, March 23, 2018 (GLOBE NEWSWIRE) — Route1 Inc . (OTCQB:ROIUF) (TSXV:ROI) (the “Company” or “Route1”), a leader in secure data protection technologies and user authentication for government and enterprise, today announced that it has closed on the acquisition of Group Mobile Int’l, LLC (“Group Mobile”) from XpresSpa Group, Inc. (“XpresSpa Group”). Route1 announced the signing of the definitive agreement to acquire Group Mobile (the “Agreement”) on March 8, 2018. Group Mobile , based in Chattanooga, TN and Chandler, AZ, supplies rugged mobile technology solutions to leading automotive manufacturing companies and suppliers, other leading manufacturing and distribution companies, as well as local and state governments in the southeastern and southwestern United States. Route1 is acquiring Group Mobile to: Expand Route1’s service and product offerings; Strengthen outside and inside sales; Diversify revenue, custom
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