Ultra confirms rumours on major US acquisition
Defence and energy supplier, Ultra Electronics, has confirmed media speculation that it is set to complete a major acquisition.
Ultra, which has operations in Birmingham and Staffordshire, has confirmed it is in advanced discussions to acquire the whole of the issued share capital of New York Stock Exchange-listed Sparton Corporation.
Sparton's Engineered Components & Products division is Ultra's partner in the long-standing Erapsco joint venture.
Should Ultra acquire Sparton, it intends to sell Sparton's other business, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
