T-Mobile Venture Fund and private equity investor Granville Baird plan to buy Siemens Wireless Modules and spin-off the company. All 400 employees and the management team will be transferred to the new unit once the leveraged buyout is complete pending government approval. T-Mobile Venture will retain a minority stake in the company.
For more on the new company:
- read this article [1] from TechJournalSouth
Links:
[1] http://www.techjournalsouth.com/news/article.html?item_id=4905