Announced
Completed
Financials
Sources
Tags
Single Bidder
Machinery: Specialty
Completed
United States
Acquisition
Friendly
instrumentation development
Majority
Private Equity
Domestic
Private
Synopsis
Greenbriar-backed Arotech, a defense and security company, completed the acquisition of Inter-costal Electronics, a manufacturer and distributor of instrumentation equipment. Financial terms were not disclosed. “The addition of ICE to the Arotech Training and Simulation Division family not only extends our product offerings but increases significantly the capabilities of the organization. These combined capacities and the talented staff behind them will enable opportunities for growth as we continue to serve our current customers and seek to add new ones," Kurt Flosky, Arotech President of Training and Simulation Division.
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