Components | December 06, 2011
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.
Both acquistions are being financed from Ultra's existing facilities and company said it expects the acquisitions to boost earnings by 2012.
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