Ontic, a leading OEM and provider of MRO services for established aircraft in the commercial, military, rotorcraft and adjacent markets (including marine and rail), has signed an asset purchase agreement for various product lines from Ultra Precision Control Systems ('Ultra PCS') in the U.K.
The acquisition covers five distinct product categories comprising: Legacy Electronics, Aircraft Lighting, Commodity Harnessing, Engine Terminal Blocks and Rail Barrier Systems. The products will transition from two Ultra PCS sites into Ontic's existing U.K. footprint.
Gareth Hall, Chief Executive Officer of Ontic, said, "Ontic is pleased to sign this agreement with Ultra supporting their future strategic plan, enabling Ultra to focus upon their core growth technologies. The acquisition by Ontic, the fourth deal with Ultra, will ensure that the products, the highly skilled jobs, and the supply chain remain in the U.K. protecting the end customers and ensuring an efficient transition."
Simon Pryce, Chief Executive of Ultra, commented: "These disposals are in line with our Ultra strategy to focus on our core capabilities and markets where Ultra has specific expertise and knowledge. As such, these technologies will be better developed under Ontic's new ownership. We'd like to thank the Ultra employees involved in these product lines for their contribution to Ultra and wish them and the business every success in the future with Ontic."
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|Ultra Electronics Precision Control Systems||Compressors, Aircraft & Helicopter Controllers, Lighting Control Panels, Position Indicators, Limit Switches, Mechanical Switches, Electronic Harnesses, Electrical Terminals/Splices, Cockpit Control Systems, Pneumatic Actuators, Solenoid Valves, Pressure Switches, Non-Metallic Hoses, Gimbal Systems, Pressure Control Valves, Relief Valves, Manifolds & Ducts, Oxygen Systems, Ordnance Handling Equipment, Annunciators|
|Ontic||Electric Motors, Windshield Wipers, Engine Accessories, Valves, Solenoid Valves, Rotary Actuators, Linear Actuators, Mechanical Actuators, Tachometer Generators, Accumulators, Starter Generators, Oil Coolers, Fans, Blowers, AC/DC Generators, Aircraft Landing Gear, Anti-Skid Brakes & Systems, Ball Screw Assemblies, Bearings, Centrifugal Pumps, Constant Speed Drives, Cooling Systems, Directional Control Valves, Electrical Actuators, Electromechanical Actuators, Engine Controls, Engine Heat Exchangers, Engine Synchronisers, Explosion/Flame Suppression Systems, Fire & Smoke Detectors, Fluid & Hydraulic Drives, Fuel Control Systems, Fuel Filters, Fuel Flow Rate Indicators, Fuel Management Systems, Fuel Probes, Fuel Pumps, Fuel Quantity Indicators, Gearboxes, Gears & Assemblies, Helicopter Landing Gear, High Pressure Actuators, Hydraulic & Pneumatic Cylinders, Hydraulic & Pneumatic Motors, Hydraulic Actuators, Hydraulic Equipment, Hydraulic Pumps, Inertial Components & Systems, Market Analysis, Oxygen & Air Regulating Equipment, Oxygen Equipment Cylinders, Oxygen Systems, Piston Pumps, Portable Oxygen Systems, Reservoirs, Rotary Pumps, Storm-Warning Radar, Tachometers, Terrain Awareness and Warning Systems|
|Ontic Actuation & Control (was Triumph Integrated Systems - Actuation & Control)||Aircraft Exterior Lighting Systems, Electronic Harnesses, Electronic Components, Aircraft Landing Gear, Reservoirs, Hydraulic Actuators, Hydraulic System Valves, Accumulators, Hydraulic Equipment, Manifolds & Ducts, Steering Systems|
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