FTG to acquire IMI Inc. for $2M CAD

Firan Technology Group Corporation entered an agreement to acquire IMI Inc., a manufacturer of specialty RF circuit boards for aerospace and defense, for approximately $2M CAD. Closing expected in Q1 fiscal 2023, subject to CFIUS approval.

“FTG had identified a desire to increase its product offering of RF Circuit Boards for aerospace and defense applications.”globenewswire.com

• 2 sources
• globenewswire.comFiran Technology Group Corporation (“FTG”) Announces theFiran Technology Group CorporationNov 17, 2022
• financialpost.comFiran Technology Group Corporation ("FTG") Announces the Signing of a Definitive Agreement to Acquire IMI, Inc., a US Based Circuit Board Company | Financial PostGlobeNewswireNov 17, 2022

Summarized from public sources; check the original articles before acting on it.