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Technology Stocks : Comtech Group, Inc. (COGO)

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From: JakeStraw	4/14/2009 8:16:46 AM
	of 55

Cogo Group, Inc. Announces Agreement to Acquire Mega Smart finance.yahoo.com Tuesday April 14, 2009, 8:00 am EDT - Deal Will Expand Company's Industrial Applications Business SHENZHEN, China, April 14 /PRNewswire-FirstCall/ -- Cogo Group, Inc. (Nasdaq: COGO) a China-based provider of customized module design solutions, engineering and technology services to domestic and international companies, today announced it has entered a Share Purchase Agreement to acquire Mega Smart Group Limited ("Mega Smart"), a pioneer in China's developing industrial applications market. Mega Smart is a strategic acquisition aimed at supporting Cogo's developing industrial applications business. The acquired team includes 20 key sales and engineering specialists dedicated to developing customized modules for these verticals. Mega Smart has recently been focused on providing solutions to the ongoing modernization and build-out of China's electric grid and "smart meter" segments. It is currently pursuing opportunities with leading suppliers and customers including renowned enterprises affiliated with China's largest power suppliers.

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