Low volume network connectivity supplier L-com yesterday said it has acquired MilesTek Corp., a provider of specialized network connectivity products for military and commercial end markets, giving it military avionics products.
Terms of the deal were not disclosed. L-com is a portfolio company of the private equity firm Odyssey Investment Partners, LLC.
Texas-based MilesTek manufactures and distributed specialized connectivity products for the military avionics, broadcast and DS3/Telecom industries as well as a wide spectrum of audio visual, coaxial, fiber optic and networking connectivity solutions. The company’s products are used mainly in military research and development and production applications.
“MilesTek has deep product expertise and an extensive customer base that will strengthen L-com’s position and product capabilities in attractive end markets,” Edward Caselden, L-com’s CEO, said in a statement. “MilesTek is the market leader in Mil-Std-1553B devices and supporting equipment, a market segment that L-com has not served until now. By partnering with MilesTek, we will have a significant advantage in serving the full needs of our military and aerospace customers.”
MilesTek said that combination will enable it to accelerate its growth by being able to offer greater service and product options to its customers.