Astronics Acquires Freedom Communication Technologies for $22 million

Astronics Acquires Freedom Communication Technologies for $22 million Image Credit: Freedom Communication Technologies

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.

Peter J. Gundermann, Chairman, President and CEO, Astronics
The acquisition gives us a stronger market position in the radio test arena, a strong brand for our offerings and a larger addressable market. We are excited to expand our test capabilities and to bring FCT on board with our Test business.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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