Ultra Electronics Holdings has puchased UK-based AEP networks for a total of £48 million.
Round-up of today’s M&A deals
Ultra Electronics Holdings has purchased UK-based AEP networks for a total of £48 million.
Defence supplier Ultra Electronics is to pay an initial consideration of £36.7 million with an additional £11.1 million payable based on financial results for the year ending 31 December 2011.
Berkshire-headquartered AEP Networks is to operate as a separate but wholly-owned subsidiary of Ultra Electronics.
According to a statement Ultra Electronics gives AEP Network’s customers access to additional resources such as intellectual property, supply chain, research and development and a bigger global footprint.
Round-up of today’s M&A deals
- Lockhead Martin Corporation has bought out QTC Holdings
Value: undisclosed
Advisers: undisclosed
- GlobalLogic acquires Method to add product design capabilities
Value: undisclosed
Advisers: undisclosed
