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California Microwave Acquires Efdata Corp.

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From Associated Press

California Microwave Inc. has acquired Efdata Corp. of Tempe for about $5.8 million in cash and common stock, Efdata officials said.

Efdata produces a range of satellite and troposcatter data communications productions, with annualized sales of $8 million, said founder Robert Fitting.

He said the firm would continue to operate in Tempe as a wholly owned subsidiary of California Microwave, a Sunnyvale, Calif.-based supplier of electronic intelligence systems and communications equipment.

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California Microwave has made loans to Efdata since the Arizona firm was founded in 1984 and announced on Feb. 14 that it had reached agreement to acquire Efdata.

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