Thursday, August 21, 2008
EMRISE Completes ACC Acquisition
Rancho Cucamonga-based EMRISE Corporation, a manufacturer of electronics and communications equipment for the defense market, announced today that the firm has completed its $18M cash acquisition of Advanced Control Components. The deal was originally announced in May. ACC develops high frequency RF and microwave devices, and is focused on the military, aerospace, commercial, and instrumentation market. EMRISE said it received financing for the acquisition from Irvine-based PEM Group.