3rd Dec 2007 07:00
Ultra Electronics Holdings PLC03 December 2007 Embargoed until 0700 3 December 2007 Ultra Electronics Holdings plc ("Ultra" or "the Group") Ultra acquires BCF Designs Ltd for £12.5m Ultra announces the acquisition of BCF Designs Ltd ("BCF") for a cashconsideration, subject to net asset adjustment on completion, of £12.5m. BCF specialises in the design and production of electronic test solutions forthe military and civil aerospace markets. Its customers include the UK MoD, theUS DoD and many other defence agencies worldwide together with commercialcustomers such as Boeing, Lockheed Martin and BAE Systems. BCF's niche areas ofactivity include customised equipment to test aircraft fuel systems, avionicdata bus networks and protective filters for electronic systems. The testequipment is able to test many aircraft types and BCF also supplies theinterconnecting wiring harnesses which are tailored to suit specific variants ofeach aircraft. In addition, BCF provides a full range of customer training,equipment calibration and support services. BCF, established in 1992, employs forty people in Cirencester, UK and four atits marketing and support centre in Virginia, US. Organisationally, BCF will bepart of Ultra's Electrics business which is based in Cheltenham within theGroup's Aircraft & Vehicle Systems division. The acquisition of BCF will be financed using Ultra's existing bankingfacilities and is expected to be accretive to earnings in 2008. Douglas Caster, Chief Executive of Ultra, commented:"BCF's products complement Ultra's existing fixed and rotary wing militaryaircraft systems and wiring harness capabilities. The acquisition of BCFaugments Ultra's range of specialist solutions by supplying equipment thatprovides a safety, test and validation capability in support of many types ofmilitary and civil aircraft worldwide." - Ends - Enquiries: Ultra Electronics Holdings plc 020 8813 4321Douglas Caster, Chief Executive www.ultra-electronics.comDavid Jeffcoat, Group Finance Director [email protected] Weber Shandwick Financial 020 7067 0700Susan Ellis / Louise Robson Notes to editors:Ultra Electronics is a group of specialist businesses designing, manufacturingand supporting electronic and electromechanical systems, sub-systems andproducts for defence, security and aerospace applications worldwide. Ultra, which employs 3,100 people in the UK and North America, focuses on highintegrity sensing, control, communication and display systems with an emphasison integrated information technology solutions. The Group concentrates onobtaining a technological edge in niche markets, with many of its products andtechnologies being market leaders in their field. Ultra's products and services are used on aircraft, ships, submarines, armouredvehicles, surveillance systems, airports and transport systems around the world.Ultra also plays an important role in supporting prime contractors byundertaking specialist system and sub-system integration using the combinedexpertise of the Group businesses. Ultra is organised into three divisions as follows: Aircraft & Vehicle Systems including miniature airborne compressors; highintegrity software and systems; aircraft system electronics; aircraft cockpitindicators; aircraft noise and vibration control systems; airframe protectionsystems, armoured vehicle electronic information and control systems; human/computer interface equipment and shared working environment solutions. Information & Power Systems including command and control systems equipment;weapons interfacing electronics; radar tracking; electro optical tracking;surveillance systems; naval data processing and distribution; airport andairline information management systems; ID card systems; naval power conversion;signature management of naval vessels; transit system power conversion andcontrol. Tactical & Sonar Systems including secure tactical line-of-sight radio systems,multiplexers and switches; secure video-conferencing systems; voicecommunication systems; tactical data links; cryptographic equipment; active,passive and multi-static sonobuoys; sonobuoy receivers and processors;distributed surveillance sensor arrays; ship's sonar systems; acousticcountermeasure systems and ship's torpedo defence systems. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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