EDAC Technologies acquires EBTEC Corp.

FARMINGTON, Conn., 4 June 2012. EDAC Technologies Corp. (NASDAQ:EDAC), a diversified designer, manufacturer, and servicer of precision components for aerospace applications, has acquired EBTEC Corp., a provider of advanced precision manufacturing processes and fabrication solutions to the aerospace community.

The purchase price was approximately $11 million, of which $1.65 million has been paid in EDAC stock, with the balance funded by financing through TD Bank N.A. EBTEC, privately-owned and headquartered in Agawam, Mass., achieved sales of $12.6 million in 2011.

EBTEC pioneered the development of non-contact, high energy beam (HB) technologies with the Apollo Space Program, says a representative. EBTEC is a certified supplier to major aerospace and industrial OEMs.

“EBTEC fabricates finished components, which immediately expands our product line with additional parts for aircraft engines and ground-based turbines, markets we currently serve. In addition, EBTEC makes components and products used by manufacturers of semiconductors and medical devices, which opens up new markets to EDAC. This acquisition also efficiently expands our manufacturing footprint as EBTEC's two facilities in Massachusetts are close to our own operations,” Dominick A. Pagano, president and chief executive officer of EDAC Technologies, says. 

 


Military & Aerospace Photos

Most Popular Articles

Related Products

Epoxies

Master Bond offers an extensive range of one and two part epoxies for a variety of applications a...

Silicones

Master Bond’s silicones are available in both one part and two part versions that offer the advan...

Light Curing Systems

Master Bond offers a large family of light curing products that cure upon exposure to a UV or LED...

Related Companies

Master Bond

For over 35 years, Master Bond has been supplying aerospace and defense manufacturers with custom formulated compound...
Wire News provided by   

social activity

Webcasts

Meeting the Gen3 backplane challenge with OpenVPX and COTS

Tight Pentagon budgets mean military systems must stay in the field for longer than ever before. This doesn't mean obsolete technology, however. Today's military electronics are being upgraded constantly, an...
Sponsored by:

Design Strategy Considerations for DO-178C Certified Multi-core Systems

Join Wind River to learn how system architecture and design choices can minimize your DO-178C certification challenges.

Sponsored by:

Flying, Sailing or Driving - The Rugged, Embedded Intel-based Server that goes where you need it!Flying Sailing or Driving

Leveraging the power of server-class processors is no longer relegated to the confines of data centers. Through several innovations, Mercury Systems has ruggedized Intel’s server-class chips for deployment. ...
Sponsored by:

All Access Sponsors


Mil & Aero Magazine

February 2015
Volume 26, Issue 2
file

Download Our Apps



iPhone

iPad

Android

Follow Us On...



Newsletters

Military & Aerospace Electronics

Weekly newsletter covering technical content, breaking news and product information
SUBSCRIBE

Cyber Security

Monthly newsletter covering cyber warfare, cyber security, information warfare, and information security technologies, products, contracts, and procurement opportunities
SUBSCRIBE

Defense Executive

Monthly newsletter covering business news and strategic insights for executive managers
SUBSCRIBE

Electronic Warfare

Quarterly newsletter covering technologies and applications in electronic warfare, cyber warfare, optical warfare, and spectrum warfare.
SUBSCRIBE

Embedded Computing Report

Monthly newsletter covering news on embedded computing in aerospace, defense and industrial-rugged applications
SUBSCRIBE

Unmanned Vehicles

Monthly newsletter covering news updates for designers of unmanned vehicles
SUBSCRIBE