Astronics to buy EADS testing unit for USD53m

22 January 2014

Astronics Corp. (NASDAQ: ASTRO) said it is buying the test and services division of EADS North America for USD53m in cash.

The company said Tuesday that the deal is expected to close next month, and the price could be adjusted for working capital.

The EADS unit makes automatic test systems and provides services for the semiconductor, consumer electronics, aerospace and defense industries.

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