Networks In Motion set to sell for $170 million, continued ...
The move will also support Networks In Motion's work to become a "leader" in location-based services, according to the firm's CEO, Doug Antone.
"We look forward to becoming an integral part of the TCS family," he says.
Networks In Motion's Board of Directors has already adopted the merger agreement and has recommended its approval by the firm's stockholders. The deal is expected to close by the end of the year.