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BRIEF-ID Systems Inc says entered into definitive agreement to acquire all of assets of Keytroller
July 11, 2017 / 10:10 PM / 2 months ago

BRIEF-ID Systems Inc says entered into definitive agreement to acquire all of assets of Keytroller

July 11 (Reuters) - Id Systems Inc

* ID Systems Inc - entered into a definitive agreement to acquire substantially all of assets of keytroller, llc

* ID Systems Inc - ‍purchase price is $9.0 million at close​

* ID Systems Inc - beginning in q3 of 2017, keytroller’s results will be included as part of i.d. Systems’ industrial truck management product line

* For q2 ended june 30, 2017, i.d. Systems expects to report revenue between $10.0 million and $10.5 million

* Id systems - ‍purchase price consists of $7.0 million in cash and $2.0 million in co’s common stock, plus up to $3.0 million in earn-out consideration over 2 yrs​ Source text for Eikon: Further company coverage:

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