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Business/Financial

J.F. Lehman Acquires Defense Electronics Company API Technologies

By Cal Biesecker

Friday, April 22nd, 2016

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J.F. Lehman Acquires Defense Electronics Company API Technologies

API Technologies makes electronics systems and equipment for aerospace, defense, wireless communications and other applications. Photo: API

API Technologies Corp. on Friday said that the private equity firm J.F. Lehman & Company has completed the acquisition of the defense electronics provider, giving the company access to liquidity to pursue its growth plans.With the close of the acquisition, API asked to be delisted from the NASDAQ exchange where its stock traded under the ticker symbol ATNY.The acquisition by J.F. Lehman “demonstrates support for the strategies and tactics the leadership team has put in place over the past 12…

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