EMS Technologies, a leading supplier of wireless connectivity solutions has signed a definitive agreement to acquire Moorestown, N.J.-based Formation, Inc., a provider of airborne wireless network products that enable in-flight passenger communications with terrestrial and satellite networks.

The latest announcement represents the latest in a series of strategic acquisitions to strengthen EMS's position as a leading mobile broadband and asset tracking solutions provider.

EMS's has paid nealry $40 million for purchase of Formation, with the acquired company having the ability to earn additional purchase price payments of up to $15 million based on its performance in near-term succeeding years.

The market experts believe that acquisition would strengthen EMS's aero-connectivity capabilities, enabling a far-reaching solution for passenger mobile access in the cabin.

However, headquartered in Atlanta, EMS expects the acquisition to be accretive and to add EBITDA of $5 million to $7 million the first year post-acquisition.

The companies anticipate the transaction to close by year's end, subject to customary closing conditions.