Astronics announced that it has acquired 100% of the equity of Freedom Communication Technologies(FCT) for $22 million in cash.
Astronics' wholly-owned subsidiary, Astronics Test Systems provides a range of products and capabilities include automatic test equipment (ATE), integrated test systems, instrumentation, software, and custom engineering solutions.
Based in Kilgore, TX, FCT was founded in 2015 and offers communications analyzers for testing and maintaining Land Mobile Radio (LMR) communications systems. FCT also provides an extensive range of capabilities, including automated radio testing and alignment, coverage mapping, and interference analysis.
In 2018, FCT had $11 million in revenue and is expected to contribute approximately $10 million in revenue in the second half of 2019.