Acquisition

15th Nov 2007 07:01

Ultra Electronics Holdings PLC15 November 2007 Embargoed until 0700 15 November 2007 Ultra Electronics Holdings plc ("Ultra" or "the Group") Ultra acquires Atkins & Partners Ltd for £4m Ultra announces the acquisition of Atkins & Partners Ltd ("Atkins") for aconsideration of £4m. Atkins, established in 1991 and based near Doncaster, UK, specialises in thesupply of software solutions for emergency planning, command & control, crisis &incident management and computer based training & briefing. Atkins's customerbase includes the MoD, central government, police and other emergency services. Ultra has worked closely with Atkins since 2004 and its specialist software is akey element of the command and control system being provided by Ultra at HalifaxPort, Nova Scotia, Canada. The acquisition of Atkins will be financed using Ultra's existing facilities andis expected to be earnings accretive in 2008. Atkins will become part of Datel, a business within Ultra's Aircraft & VehicleSystems division. Douglas Caster, Ultra's Chief Executive, commented:"I am pleased to see Atkins become part of the Ultra Group following a period ofsuccessful teaming. Its addition to Ultra's portfolio enhances the Group'sability to provide modern homeland security solutions for which there is anincreasing demand worldwide." - Ends - Enquiries: Ultra Electronics Holdings plc 020 8813 4321Douglas Caster, Chief Executive www.ultra-electronics.comDavid Jeffcoat, Group Finance Director information@ultra-electronics.com 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 Exchange

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