Electronics Production |
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 the company said it expects the acquisitions will boost earnings by 2012.
