Cubic Completes Acquisition of GATR Technologies
Cubic Corporation ( NYSE: CUB ) today announced it received final Hart-Scott-Rodino regulatory approval and completed its acquisition of GATR Technologies (GATR), a manufacturer of next-generation deployable satellite communication terminal solutions based in Huntsville, Alabama. Cubic completed the acquisition of GATR on February 2, 2016 for a purchase price of $232.5 million.
GATR Technologies will operate within the Cubic Global Defense business unit and greatly expands the company’s footprint in the Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) space.
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“As a proven leader in the expeditionary satellite communications industry, GATR Technologies will offer our customers an even broader offering of key communication solutions to the Department of Defense, intelligence community and commercial customers,” said Bradley H. Feldmann, president and chief executive officer for Cubic Corporation. “We are pleased to have GATR employees join the Cubic family.”
Source : Cubic Corporation (NYSE: CUB) - view original press release