Ontic Acquires Product Lines From Ultra Electronics
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Tuesday, February 1, 2022
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Ontic, a leading OEM and provider of MRO services for established aircraft in the commercial, military, rotorcraft and adjacent markets (including marine and rail), has signed an asset purchase agreement for various product lines from Ultra Precision Control Systems (Ultra PCS) in the U.K.
Key Points:
- Ontic, a leading OEM and provider of MRO services for established aircraft in the commercial, military, rotorcraft and adjacent markets (including marine and rail), has signed an asset purchase agreement for various product lines from Ultra Precision Control Systems (Ultra PCS) in the U.K.
- The acquisition covers five distinct product categories comprising: Legacy Electronics, Aircraft Lighting, Commodity Harnessing, Engine Terminal Blocks and Rail Barrier Systems.
- Gareth Hall, Chief Executive Officer of Ontic, said, Ontic is pleased to sign this agreement with Ultra supporting their future strategic plan, enabling Ultra to focus upon their core growth technologies.
- Wed like to thank the Ultra employees involved in these product lines for their contribution to Ultra and wish them and the business every success in the future with Ontic.