FMI Opportunity Funds, a private equity firm, completed the acquisition of Ashot, a supplier of technologically advanced systems and components, from Elbit Systems, an international high technology company, for $84m. "This sale is consistent with our strategy to focus on our core areas of business. Since the acquisition of IMI by Elbit Systems, Ashot has improved its business focus and operational efficiency. We look forward to continuing our cooperative work with both Ashot and FIMI," Bezhalel Machlis, Elbit Systems President & CEO.