PLAINVIEW, N.Y.-Aeroflex Inc. has acquired testing solutions company Racal Wireless Solutions Group for cash of $38 million and a deferred payment of up to $16.5 million. The deferred payment of up to $16.5 million in either cash or Aeroflex common stock is an Aeroflex option, depending on Racal Wireless Solutions Group achieving certain performance goals for the year ending July 31, 2004, Aeroflex said.
“The addition of Racal Wireless testing solutions products and technologies to our current product offerings will enable Aeroflex to provide a full spectrum of wireless testing solutions, from development to production and service,” said Michael Gorin, president of Aeroflex.
