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IFR to Sell Test & Measurement Division

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WICHITA, Kan., July 2 -- IFR Systems Inc. has agreed to sell its Optical Test & Measurement Division to GN Nettest, a member of the GN Great Nordic Group of Copenhagen, Denmark, for approximately $43 million in cash. IFR president and COO Iain Robertson said, By significantly reducing the company's debt, this transaction will allow IFR to focus on longer-term growth opportunities in the electronic test and measurement market. GN Nettest develops, manufactures and markets test equipment and systems to monitor and test tele/datacoms and fiber optic communications networks. GN Nettest...Read full article

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    Published: July 1999
    CommunicationsNews & FeaturesTest & Measurement

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