Sparton Completes CFIUS Process


Reading time ( words)

Sparton Corp. has announced that on November 20, 2017, the Committee on Foreign Investment in the United States (CFIUS) completed its review process and stated that there are no unresolved national security concerns with respect to the previously announced proposed acquisition of Sparton by Ultra Electronics Holdings plc.

The transaction remains subject to other governmental approvals, including clearance of the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as other customary closing conditions.

About Sparton Corporation

Sparton Corporation, now in its 118th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide.

Share


Suggested Items

The Vital Role of Solder Paste Printing in New Product Introduction

02/22/2018 | Richard Barratt, JJS Manufacturing
The high degree of automation within the SMT methodology offers a variety of advantages, from automatic correction of errors, to simpler and faster assembly, better mechanical performance, increased production rates and reduced labor costs. In this first in a series of articles exploring SMT assembly, we highlight the specific attributes, and the vital importance, of the solder paste printing process for your NPI.

9 Essentials of an Electronics Contract Manufacturer

02/20/2018 | Stephanie Weaver, Zentech Manufacturing Inc.
Differentiating between the best contract electronics manufacturing providers and those that are sub-par can initially seem tricky. In order to help you make the best and most educated decision possible, here are nine essentials to look for when hiring an electronics manufacturing service.

6 Questions to Assess Your Company's IoT Readiness

02/16/2018 | Patty Rasmussen, East West Manufacturing
Small-to-medium sized companies shouldn't assume that Industrial Internet of Things (IIoT or Industrial Internet) is for the 'big boys' only. Innovations coming out of the IIoT have the potential to significantly level the playing field among companies of all sizes.



Copyright © 2018 I-Connect007. All rights reserved.