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Business/Financial

Cubic Acquires Military Communications Company

By Cal Biesecker

Tuesday, December 16th, 2014

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Cubic Acquires Military Communications Company

DTECH Labs tacical router. Photo: DTECH LABS

Cubic [CUB] on Tuesday said it has acquired DTECH LABS, Inc., a provider of modular networking and baseband communications equipment, for $114.5 million. The deal includes $15 million of contingent consideration. Cubic expects the deal to be accretive to earnings beginning in fiscal year 2016. “DTECH is the first step in our near-term strategy to build a niche $100 million to $200 million C4ISR business generating mid-teen” margins, Bradley Feldmann, Cubic’s president and CEO, said in a statement. “DTECH represents…

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