15th Dec 2015 07:43
LONDON (Alliance News) - Defence and aerospace company Cobham PLC on Tuesday said it has sold its Metelics unit to M/A-COM Technology Solutions Inc in a USD38.0 million cash deal.
FTSE 250-listed Cobham acquired Metelics as part of its USD869.0 million acquisition of Aeroflex, the US-based test systems and wireless communications business, in September 2014.
The Metelics unit had been part of Cobham's Advanced Electronic Solutions division.
By Sam Unsted; [email protected]; @SamUAtAlliance
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