◂ Announcements

Aug 16, 2023ACQUISITIONUnited States

Concurrent Technologies to acquire Phillips Machine & Welding's aerospace division

Concurrent Technologies Plc entered a conditional agreement to acquire the entire issued share capital of Phillips Machine & Welding Company, Inc for US$3.375 million, with the machine shop division being transferred out prior to completion, leaving the Aerospace and Military division.

Value

$3.38M

Status

Announced

Productsembedded computer systems for military and aerospace

CompaniesConcurrent Technologies Corporation acquirer Phillips Machine & Welding Company, Inc target Phillips Aerospace target

Sectors#Aerospace Components

“The Concurrent Technologies directors believe that the Acquisition will progress the Company's strategic ambitions in the Systems market.”investegate.co.uk

2 sources
investegate.co.ukProposed Acquisition and Notice of General Meeting | Company Announcement | InvestegateInvestegateAug 16, 2023
investegate.co.ukAcquisition of Phillips Aerospace | Company Announcement | InvestegateInvestegateSep 6, 2023

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

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