M&C Represents Telematics Company On Strategic International Consolidation
April 1, 2005
WirelessWERX, Inc., a leading U.S. developer and manufacturer of cellular/satellite based asset management and monitoring devices has consolidated its operations together with Operadora de Sistemas de Localizacion Ltda and Transtech Technology, S.A, both Colombian companies. By means of the consolidation, the three companies will become subsidiary operations of WirelessWERX International, Inc., a Panamanian corporation.
The transaction was consummated through a four-way share exchange involving $40 million in convertible debt and equity instruments. The WirelessWERX, Inc. deal team was lead by Los Angeles partner, James S. Williams.