Mergers & Acquisitions

Mergers & Acquisitions

L-3 Communications Acquires Nautronix Defence Group; Leader in Marine Mine Warfare and Anti-Submarine Warfare Systems and Products

NEW YORK--June 15, 2006--L-3 Communications (NYSE: LLL) announced today that on June 1, 2006 it completed the acquisition of Nautronix Defence Group, a leader in mine warfare and anti-submarine warfare (ASW) systems and products, from Nautronix Holdings, PLC, headquartered in Aberdeen, Scotland, for $65 million in cash plus the potential for an additional $6 million earnout that is contingent...

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Mergers & Acquisitions

L-3 Communications Agrees to Acquire Nova Engineering

NEW YORK--Aug. 14, 2006--L-3 Communications announced today that it has agreed to acquire Nova Engineering (Nova) for $45 million in cash, plus an additional purchase price not to exceed $10 million that is contingent upon Nova's future financial performance. The business is expected to generate annual sales of approximately $40 million for the year ending December 31, 2007, and will be included...

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Mergers & Acquisitions

CSC Acquires U.S. Federal Services Provider Datatrac

EL SEGUNDO, Calif., Dec. 7 - Computer Sciences Corporation (NYSE: CSC) today announced that it has agreed to acquire Datatrac Information Services, Inc., a privately held U.S. government services and solutions provider headquartered in Richardson, Texas. CSC expects the transaction to be accretive to earnings in the first year. Terms of the acquisition were not disclosed. Datatrac employs more...

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Mergers & Acquisitions

LG Group, Inc. Has Purchased 100% of the Stock in Crowley Chemical, Inc.

Effective January 5, 2007, LG Group, Inc. has purchased 100% of the stock in Crowley Chemical, Inc. and Crowley Tar Products, Inc. for an undisclosed price. Bill Callanan, President of IG Group, will become CEO of both companies. Bill Jennings, the previous majority owner, will remain with the companies in his current position as President. In addition, all of the key management will remain in...

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Mergers & Acquisitions

Ohmite Acquires 2 Vishay Businesses

Rolling Meadows, Illinois - January, 2007 - Ohmite Manufacturing Company announced today that they have acquired both the Ultronix Precision Wirewound Resistor and Angstrohm Rheostat Businesses of Vishay Intertechnology, Inc. Ultronix is a Pennsylvania-based manufacturer of precision wirewound resistors. Angstrohm, based in Hagerstown, MD, is a manufacturer of wirewound rheostats. It is...

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Mergers & Acquisitions

Motorola Completes Acquisition of Symbol Technologies

Transaction Positions Motorola as a Global Leader in Enterprise Mobility Enhances Motorola's Technology Leadership and Advances the Company's Vision of Seamless Mobility SCHAUMBURG, Ill., Jan 09, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Motorola, Inc. (NYSE: MOT) announced today that it has completed its acquisition of Symbol Technologies, Inc. (NYSE: SBL). The transaction has a...

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Mergers & Acquisitions

All-Flo Pump Company Acquires Graphic Systems International

All-Flo Pump Company Inc., based in Mentor, Ohio, manufacturer of air-operated double diaphragm pumps, is pleased to announce the acquisition of Graphic Systems International. Inkblender automated ink dispensing systems will now benefit from All-Flo's 25 years of design, manufacturing, and engineering experience in the fluid transfer industry. Product enhancements that you will see in the new and...

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Mergers & Acquisitions

Universal Trailer, the Nation's Largest Specialty Trailer Company, Completes Merger with Featherlite, Inc.

CINCINNATI--Universal Trailer Holdings Corp. (UTC) has announced that one of its subsidiaries has completed its merger with Featherlite, Inc. (Nasdaq:FTHR), and Featherlite has become a wholly-owned subsidiary of UTC. With the closing, Featherlite, a major American aluminum trailer manufacturer with a network of over 220 dealers in the U.S., Canada, Australia and Europe, joins UTC's family of...

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Mergers & Acquisitions

GE's Rail Services Unit Announces Acquisition of Allrail Services

CHICAGO--(BUSINESS WIRE)--GE announced it is entering into an agreement to purchase the assets of privately held Allrail Services. Allrail provides railcar maintenance services through mobile repair units (MRU) and mini-repair shops to customers. The terms of the transaction were not disclosed. Closing is currently scheduled for November 2006. This acquisition greatly complements our ability to...

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Mergers & Acquisitions

GE Industrial to Acquire Microwave Data Systems

Acquisition opens growth opportunities in $1.3 billion global industrial wireless market segment LOUISVILLE, Ky. and SANTA BARBARA, Ca. - January 5, 2007 - GE Industrial, a unit of General Electric (NYSE:GE), and Moseley Associates have announced the signing of an agreement for GE to acquire the assets of Rochester, NY-based Microwave Data Systems (MDS), a subsidiary of Moseley Associates and a...

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