ACR Electronics Acquires Ocean Signal
ACR Electronics, Inc., a Drew Marine company, announced its acquisition of Ocean Signal, Ltd.
“Ocean Signal has pioneered a number of innovations in marine safety,” said Gerry Angeli, President of ACR Electronics. “Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market. Like ACR, Ocean Signal is known for reliable products that perform in the worst conditions the first time, every time and we are excited to add them to our team.”
The combination of the ACR and Ocean Signal brands bolster the product lines for the marine marketplace. Together the companies offer a range of Emergency Position Indicating Radio Beacons, Personal Locator Beacons, Search and Rescue Transponders, AIS Man Overboard Beacons, VHF radios, Searchlights, rescue strobe lights, pyrotechnics and safety accessories.
Ocean Signal Managing Director Alan Wrigley said, “This combination will allow Ocean Signal to expand its capabilities and together we will redefine safety and survival technology in order to save more lives around the world.”
ACR said financial terms of the acquisition will not be released.