Ballard Spahr Represents Communications Systems, Inc. in Sale of Business Units to Lantronix, Inc.
Ballard Spahr represented Communications Systems, Inc. (NASDAQ: JCS) in connection with the sale of its Transition Networks and Net2Edge businesses to Lantronix, Inc. (NASDAQ: LTRX) for $25 million in cash, with an earn-out of up to $7 million based on future revenues. Based in Minnetonka, Minnesota, Communications Systems, Inc. traditionally has operated as an IoT intelligent edge products and services company.
Business and Transactions Partner Barbara Lano Rummel led the Ballard Spahr team, which included Partner April Hamlin, Senior Counsel Thomas G. Lovett IV, and Associates Ryan D. Heck and Christian R. Barnes.
For further information, please visit Communication Systems’ press release.
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