Ultra Electronics Acquires W&D Holdings
Ultra Electronics purchased W&D with existing facilities and predicted earnings for 2014. W&D will continue doing business out of its own facilities but while newly apart of Ultra Electronics' Communication & Integrated Systems (CIS) business within Ultra Electronics' Tactical Systems Division.
W&D has long been recognized for creating highly-reliable, functional innovative solutions to industry and governments, including radio networks, video monitoring and wireless data platforms.
"I am pleased that we have been able to bring W&D into the Group as a part of CIS," said Rakesh Sharma, chief executive of Ultra Electronics. "This acquisition supports Ultra's strategy of extending its capabilities in the communications sector. W&D's technologies and broad geographic reach complement CIS's existing capabilities and will support planned growth in international markets."