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Cobham Expanding Commercial Business With Acquisition Of Electronics Firm Aeroflex

By Cal Biesecker

Tuesday, May 20th, 2014

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Cobham Expanding Commercial Business With Acquisition Of Electronics Firm Aeroflex

Cobham CEO Bob Murphy. Photo: Cobham

In a deal that expands its commercial business and broadens its portfolio of advanced electronics, Britain’s Cobham plc on Tuesday said it has agreed to acquire New York-based Aeroflex Corp. [ARX], which makes provides microelectronics products and test solutions to a diverse portfolio of customers in aerospace, space, wireless, medical, defense, energy and other industries. The enterprise value of the deal, which is scheduled to close in the third quarter, is valued at just under $1.5 billion, with $920 million…

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