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Orbital Energy Group (OEG) Announces Intent To Acquire Privately Owned, Atlanta-Based Telecommunications Company Gibson Technical Services

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Orbital Energy Group, Inc. Announces Intent To Acquire Privately Owned, Atlanta-Based Telecommunications Company Gibson Technical Services

March 30, 2021 8:00 AM EDT

HOUSTON, March 30, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG)("OEG") today announced it has reached an agreement in principal and is preparing a definitive Stock Purchase Agreement ("SPA") to acquire 100% of Gibson Technical Services ("GTS"), an Atlanta-based telecommunications company providing diversified telecommunications services nationally since 1990. The transaction is expected to close on or before April 30, 2021, subject to customary closing conditions. 

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