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MicroLogic Sold to Alanco

Lowell, MA-based MicroLogic, which developed the wireless technology behind the LoJack theft recovery system for vehicles and has recently focused on wireless tracking of heavy construction equipment, will be acquired by the StarTrak Systems division of Alanco Technologies (NASDAQ: ALAN), the Scottsdale, AZ-based company announced today. StarTrak makes cellular- and satellite-based systems that track “cold chain” equipment such as refrigerated trucks, trailers, and shipping containers. The terms of the acquisition weren’t disclosed.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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