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MTI Wireless Edge merger gives immediate boost to profit and performance

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Published on Nov 20, 2018

Moni Borovitz, finance director at MTI Wireless Edge Ltd. (LON:MWE), tells Proactive London's Andrew Scott the group's benefited significantly from the merger with MTI Computers and Software Services (1982) Ltd. which completed on 20 August 2018.

The Israel-based technology group said its revenues increased by 32% year-on-year to US$25.9mln for the nine months ended 30 September 2018 due to the merger, and were up 2% organically.

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