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Ultra Electronics buys two companies
Ultra Electronics announced today it has purchased two companies - Zu Industries Inc. and Special Operations Technology, Inc.
The deals for both US based survalience companies combine for a total of $115 million, with Ultra paying $76.6 million for Zu and $38.4 million for SOTECH.
Both acquistions are being financed from Ultra's existing facilities and company said it expects the acquisitions to boost earnings by 2012.
