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M&A Deal Summary

Velocita Wireless Acquires Bell Industries - SkyTel Division

On March 31, 2008, Velocita Wireless acquired internet software and services company Bell Industries - SkyTel Division from Bell Techlogix for 8M USD

Acquisition Highlights
  • This is Velocita Wireless’ 1st transaction in the Internet Software and Services sector.
  • This is Velocita Wireless’ largest (disclosed) transaction.
  • This is Velocita Wireless’ 1st transaction in the United States.

M&A Deal Summary
Date 2008-03-31
Target Bell Industries - SkyTel Division
Sector Internet Software and Services
Buyer(s) Velocita Wireless
Sellers(s) Bell Techlogix
Deal Type Divestiture
Deal Value 8M USD

Target

Bell Industries - SkyTel Division

United States
Bell Industries - SkyTel Division is a provider of wireless data and messaging services, including email, interactive two-way messaging, wireless telemetry services and traditional text and numeric paging operations.

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Buyer(S) 1

Buyer

Velocita Wireless

Iselin, New Jersey, United States
Category Company
Founded 1988
Sector Technology Hardware
DESCRIPTION

Velocita Wireless LLC is a provider of custom wireless machine-to-machine data delivery solutions for businesses and government.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Bell Techlogix

Indianapolis, Indiana, United States
Category Company
Founded 1952
Sector Information Technology
Revenue 100M USD (2009)
DESCRIPTION

Bell Techlogix, headquartered in Indianapolis, Indiana, provides Next Generation Digital Workplace and Infrastructure Management solutions to large and mid-market enterprises, as well as the public sector.

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 3 of 3
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Electronics Distribution Group

United States

Electronics Distribution Group of Bell Industries is a distributor of electronic components.

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