Sparton to Acquire Aydin Displays
Sparton Corporation subsidiary, Sparton Aydin, has entered into a definitive purchase agreement to acquire certain assets and liabilities of Aydin Displays, Inc., an $18 million revenue business, in an all-cash transaction. The acquistion is expected to provide $18-million in annual revenue, adding engineered product content of enhanced industrial quality flat panel display and touch-screen solutions.
Aydin Displays, Inc., a subsidiary of Video Display Corp., located in Birdsboro, Pennsylvania, develops enhanced flat panel display and touch-screen solutions with application-critical performance criteria including ruggedization, high resolution, color accuracy, response/refresh times, sunlight readability and other criteria such as magnetic interference and noise/TEMPEST emissions for the military, aerospace and civil marine.
These products are currently specified in the P8A behind-the-cockpit control center, the command and control centers of many U.S. Navy ships, FAA air traffic control systems, and cockpit command centers for various civil marine applications. Once the transaction is complete, the company will continue to operate as Aydin Displays.
"The addition of Aydin Displays meets one aspect of our growth strategy by providing engineered product content to further enhance our capabilities within the electromechanical value stream,” stated Cary B. Wood, president and chief executive officer of Sparton. “Additionally, Aydin’s products are an integral part of the P8A program, as are our sonobuoy products. We also believe we will be able to enhance the solutions selling approach of both Aydin Displays and our Defense & Security Systems business segment to the Department of Defense and other prime defense contractors, as well as key customers located across the globe.”