Cobham expands its surveillance expertise with acquisition of Corp Ten International
WIMBORNE MINSTER, England, 8 Feb. 2011. Aerospace and defense systems integrator Cobham plc in Wimborne Minster, England, is expanding the company's expertise in surveillance technology with its acquisition of Corp Ten International Inc. in Baltimore. Cobham has acquired the share capital of Corp Ten for $11.5 million on a debt and cash free basis, Cobham officials announced Monday. Corp Ten specializes in GPS tracking and related technologies, and builds tracking and information systems.
"The acquisition of Corp Ten will supplement our differentiated capabilities in the important and growing market for surveillance equipment," explains Andy Stevens, Cobham's chief executive officer. Corp Ten employs 14 people.
Corp Ten will become part of the surveillance business of Cobham's Avionics and Surveillance Division. For more information contact Cobham Avionics and Surveillance online at www.cobham.com/about-cobham/avionics-and-surveillance.