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Business/Financial

Astronics Completes Acquisition Of Airbus Group’s Test & Services Division

By Cal Biesecker

Tuesday, March 4th, 2014

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Astronics Completes Acquisition Of Airbus Group’s Test & Services Division

Astronics automated test systems equipment. Photo: Astronics.

Astronics [ATRO] on Monday said it has completed its purchase of Airbus Group’s Test and Services (T&S) division for $53 million in cash, giving it new test capabilities and access to new markets. In addition to the cash payment, terms of the deal include a preliminary net working capital adjustment of $17 million. The Airbus T&S business is based in California has about 210 employees and provides highly engineered automatic test systems, subsystems and instruments for the semiconductor, consumer electronics,…

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