CalAmp Corp. said Wednesday that it has consolidated its wireless DataCom division and its satellite division into one operating unit and has appointed Michael Burdiek the company’s chief operating officer.
The Oxnard-based satellite and wireless communication equipment component maker said it will continue to report separate financial results for the two divisions. It expects to streamline the operating structure, increase efficiency and reduce costs with the move.
“By combining the [two] divisions into one streamlined operating unit, we expect to leverage CalAmp’s full range of engineering and operational resources to best serve our customers across all of our lines of business,” Rick Gold, CalAmp’s chief executive said.
Shares in CalAmp closed up 1.2 percent to $2.51 Wednesday.