Electronic and software solutions company Ultra Electronics says that its acquisition of a US power conversion business is now complete after having received the approval from the other party's shareholders.
The acquired unit is operated by RFI Corporation, a manufacturer of proprietary, high-voltage power conversion subsystems and a subsidiary of American electronics firm DGT Holdings.
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"I am pleased that we have acquired RFI. It has strong market and technical synergies with EMS with which it will be combined to the benefit of both businesses," said Ultra's Chief Executive Rakesh Sharma.
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