ORBCOMM (ORBC -2.3%) says it's acquired PAR Logistics Management Systems, a subsidiary of PAR...

|About: ORBCOMM Inc. (ORBC)|By:, SA News Editor

ORBCOMM (ORBC -2.3%) says it's acquired PAR Logistics Management Systems, a subsidiary of PAR Technology (PAR +2%) for $6M in cash and stock, plus the potential of up to $4M in additional consideration based on the company's achieving specific sales targets.