STAMFORD, Conn., 17 Aug. 2007.Crane Co., a manufacturer of engineered industrial products, has acquired the Mobile Rugged Business (MRB) of Kontron America Inc., which produces computers, electronics, and flat-panel displays for harsh environment applications. The purchase price is $26.6 million in cash. MRB had sales of approximately $25 million in 2006.
MRB's manufacturing operation is located in Poway, Calif., and its engineering group is located in Fremont, Calif. The division employs approximately 35 people.
"MRB will strengthen our Azonix business, which also makes rugged computers, measurement and control systems and intelligent data acquisition products," says Eric Fast, president and CEO of Crane Co. "MRB will broaden our product and technology portfolio, and will significantly expand our market penetration particularly to military and oil and gas customers. We intend to move the MRB product line into our Azonix facility in Billerica, Mass., by the end of the year. The engineering group will continue to be located in Fremont, Calif."
