Cubic Corp. [CUB] has acquired Impeva Labs, Inc., giving it solutions for global asset tracking, where it sees near-term opportunities for growth, particularly in defense. Terms of the deal were not disclosed although a Cubic official tells TR2 that the cash outlay combined with the assumption of Impeva's liabilities amounted to less than $3 million. Impeva, which filed for bankruptcy in April, was on the auction block. The acquisition is essentially a new line of business for Cubic, which does…
Cubic Acquires Asset Tracking Solutions Firm Impeva Labs
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