Electro Rent Corp. completed the acquisition of Telogy LLC, a provider of electronic test equipment, for a final purchase price of $24.7 million. Electro Rent will immediately transfer Telogy’s equipment inventory to its Southern California distribution center. It will also integrate Telogy’s operations and convert its management information function to its proprietary software system. “We believe that these actions as well as other cost savings will result in immediate accretion to earnings,” said Daniel Greenberg, chairman and CEO of Electro Rent. “We look forward to serving Telogy’s customers by providing them with top-notch service and meeting all of their test and measurement equipment needs.”
Electro Rent Completes Telogy Acquisition
