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CalAmp acquires Radio Satellite Integrators

CalAmp Corp announced that it has acquired privately held Radio Satellite Integrators, a Southern California-based provider of mobile resource management solutions to city and county government agencies. On a trailing 12-month basis, RSI generated revenue of approximately $5M and was profitable. Consideration for the acquisition was $6.5M in upfront cash and future earn-out payments based on post-acquisition sales and gross profit performance. The transaction is expected to be accretive to CalAmp's overall margins and non-GAAP EPS in the coming fiscal year.