PCTEL, Inc. (NasdaqGS:PCTI) acquired Smarteq Wireless Ab from Allgon AB (publ) on April 30, 2021

PCTEL, Inc. (NasdaqGS:PCTI) completed the acquisition of Smarteq Wireless Ab from Allgon AB (publ) for SEK 56.8 million on April 30, 2021. PCTEL acquired Smarteq Wireless for an adjustment for the net cash at closing of SEK 2.1 million.