Route1 Closes the Purchase of PCS Mobile
Route1 Inc. (OTCQB: ROIUF and TSXV: ROI), an advanced North American provider of industrial-grade data intelligence, user authentication and ultra-secure mobile workforce solutions, today announced that it has completed the acquisition of Portable Computer Systems, Inc. ("PCS Mobile").
About PCS Mobile
PCS Mobile is a computer reseller with expertise in mobile data applications, including wireless products for in-vehicle use. The company offers guidance and state-of-the-art mobile devices for a wide range of applications including utilities, telecommunications, field services, insurance, healthcare, Fire/EMT, police and public safety – as well as state and local government.
Based in Denver, Colorado, PCS Mobile services customers primarily located in the Southwestern and Rocky Mountain regions of the U.S. Rugged devices and applications include but are not limited to Panasonic Toughbook mobile computers, Xplore and Getac rugged tablets, Genetec license plate recognition solutions, and accessories from Gamber-Johnson and Havis.
Based on prior year's results, Route1 expects PCS Mobile to add annualized revenue of approximately US $15 million with a gross margin of 14% to 16%.
About Route1 Inc.
Route1, operating under the trade name GroupMobile, is an advanced North American provider of industrial-grade data intelligence, user authentication, and ultra-secure mobile workforce solutions. The Company helps all manner of organizations, from government and military to the private sector, to make intelligent use of devices and data for immediate process improvements while maintaining the highest level of cyber security.
About Flatirons Capital Advisors
Flatirons Capital Advisors, LLC (www.flatironscap.com) is a Mergers and Acquisitions advisory firm that helps privately held companies sell their businesses and acquire other businesses. Our unique business model affords sell-side advisory clients the ability to improve their company's performance, earnings, and effectiveness in the short-term, while simultaneously increasing their market value for a future sale. Flatirons has offices in Colorado, Florida, Illinois, and Texas.
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