Onex to Acquire Survitec Group for $680 million (GBP 450 million): -Global Leader in Survival Technology-
All amounts in U.S. dollars unless otherwise stated
Onex Corporation ("Onex") (TSX:OCX) announced it has agreed to acquire Survitec Group Limited ("Survitec") for $680 million (GBP 450 million). The transaction is anticipated to close in the first quarter of 2015, subject to customary conditions and regulatory approvals.
Based in Southampton, UK, Survitec is a market-leading provider of mission-critical marine, defence and aerospace survival equipment. Survitec's key products includ...