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

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
September 21 2018 11:51 am V11.0.0-1