Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Kitron acquires a API Defence USA, Inc for USD 15.9m
December 3, 2018

Kitron has acquired API Defence USA, Inc a subsidiary of API Technologies Corp for USD 15.9m. API Defence USA runs API Technologies’ EMS (Electronic Manufacturing Services) division. The acquisition includes a production facility in Pennsylvania. The EMS division has 100 FTEs and reported a turnover of USD 24.4m and EBITDA of USD -0.9m the LTM, corresponding to an EV/Sales multiple of 0.7x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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