Close

Search

Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Aeroflex Buys Celerity Systems for $10.25 M

Facebook Twitter LinkedIn Email Comments
PLAINVIEW, N.Y., Nov. 7 -- Aeroflex Inc., a maker of automated testing solutions and microelectronics for the aerospace, defense and broadband communications markets, announced this week it has acquired the business of Celerity Systems Inc. from L-3 Communications Corp. for $10.25 million consisting of cash, Aeroflex common shares and a release of certain liabilities.

Celerity Systems designs, develops and manufactures modular digital test and measurement solutions for the communications, satellite, wireless and broadband test markets, including broadband signal generation.

Aeroflex entered into a limited manufacturing and license agreement with Celerity earlier this year. Len Borow, executive vice president and CEO of Aeroflex, said, "As we have worked together with Celerity, it became obvious to us that their considerable intellectual property was an excellent fit with our intellectual property which, taken together, is expected to allow us to expand our product development in such areas as cellular base station test systems."

Celerity will continue to sell its products directly to government agencies and will also sell products to L-3 under an exclusive relationship for use in signal intelligence and communication intelligence systems.

For more information, visit: www.aeroflex.com


Photonics.com
Nov 2003
Aeroflexautomated testing solutionsCelerity SystemsCommunicationsdefenseindustrialL-3 CommunicationsmicroelectronicsNews & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2021 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.