Aeroflex acquires celerity systems
Staff -- Test & Measurement World, 12/1/2003
Aeroflex (Plainview, NY), an aerospace ATE manufacturer, has acquired Celerity Systems (Cupertino, CA) from L-3 Communications for $10.25 million. Celerity designs and manufactures modular digital test and measurement equipment for the communications, satellite, wireless, and broadband test markets, including broadband signal generation.
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. Aeroflex expects Celerity to add $6 to $7 million in revenue for the fiscal year ending June 30, 2004.
