KVH Industries acquires Asia-Pacific satellite assets for $3.7M to boost maritime distribution

KVH INDUSTRIES INC DE

Acquired customer/vendor agreements and other assets for $3.1M; paid $0.6M for satellite communications equipment inventory.
Expected to expand maritime satellite communications distribution and customer base in Asia-Pacific market.
Deal expected to contribute incremental gross margin and be accretive to earnings.
Offers made to ten seller employees; transition arrangements in place; consents needed for some agreements.

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