Mercury Systems, a US-based defence electronics business, has finished its previously reported acquisition of flat-panel display provider American Panel Corporation (APC), according to an announcement by Mercury.
Mercury, which is headquartered in Andover, Massachusetts, said it completed its USD100 million purchase on 23 September, or less than two months after it announced the planned acquisition on 30 July.
“We’re pleased that this transaction was completed; the next step is executing a seamless integration,” said Mark Aslett, Mercury’s president and CEO. “The acquisition is consistent with our strategy and will expand our position in the growing avionics market while providing important new capabilities for our customers.”
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