WTT to Acquire Boonton Electronics in New Agreement

Boonton Electronics Corp.> (Parsippany, NJ) announced the execution of a merger agreement with Wireless Telecom Group Inc. whereby Boonton Electronics will become a wholly owned subsidiary of WTT. Under terms of this agreement, each outstanding share of Boonton common stock will be converted into 0.79 shares of WTT common stock on the closing date.

Boonton Electronics has manufactured test equipment dedicated to measuring the power of RF and microwave systems used in both the military and commercial sectors for more than 50 years. The company also manufactures impedance measuring instruments, RF voltmeters, and modulation analyzers, as well as audio analyzers.

Yves Guyomar, president and CEO of Boonton, said that he believes this new agreement is very positive for the two companies. As for the Boonton name, Guyomar says "Boonton is a small company but has a good reputation. While it is up to WTT as to the final decision, I believe the Boonton name will remain on future products."

The merger is expected to be completed before the end of June and is subject to Boonton stockholder approval, as well as other customary conditions and requirements.

This is the second time WTT has announced it will acquire Boonton Electronics. In September of last year, an agreement was announced in a stock conversion. (see Noise Com Acquires Boonton Electronics) However, the deal was cancelled by WTT about six weeks later (see Boonton Electronics, WTT Agreement Terminated). No reason was given for the agreement being cancelled the first time.