Author: Mary-Louise Hoffman|| Date Published: April 8, 2016
Rochester, New Hampshire-based specialty materials processing company Albany International (NYSE: AIN) has wrapped up its acquisition of Harris Corp.‘s (NYSE: HRS) aerostructures business for approximately $210 million in cash and capital lease.
Harris said Friday it will use proceeds from the deal originally announced in late February to pay down corporate debt.
The business generated about $77 million in revenues during 2015 and was part of Melbourne, Florida-based communications technology manufacturer Harris’ electronic systems segment.
Harris inherited the aerostructures unit through its $4.75 billion acquisition of Exelis that closed in May 2015.
ServiceNow has finalized its $7.75 billion acquisition of Armis, unifying cyber asset visibility, identity intelligence and automated risk response within…
Intel has appointed semiconductor industry veteran Shawn Han as senior vice president and general manager of foundry services. Han will officially assume…
Rochester, New Hampshire-based specialty materials processing company Albany International (NYSE: AIN) has wrapped up its acquisition of Harris Corp.‘s (NYSE: HRS) aerostructures business for approximately $210 million in cash and capital lease.
