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Business/Financial

API Technologies To Purchase Spectrum Control

DDN

Tuesday, March 29th, 2011

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API Technologies [ATNY] yesterday said it has agreed to acquire Spectrum Control [SPEC], a provider of custom industrial products and electronic solutions for the global defense, aerospace, industrial and medical markets, for $270 million. API said the deal will boost the range of products it can offer its customers. Spectrum Control designs and manufactures specialty products such as coaxial and power filters as well as microwave components and systems, sensors and controls and power management systems. API designs and manufactures…

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