OEM and MRO services provider Ontic has signed an asset purchase agreement for various product lines from Ultra Precision Control Systems (Ultra PCS) in the UK.
The acquisition will cover legacy electronics, aircraft lighting, commodity harnessing, engine terminal blocks and rail barrier systems.
Ontic’s chief executive officer Gareth Hall said: “Ontic is pleased to sign this agreement with Ultra supporting their future strategic plan, enabling Ultra to focus upon their core growth technologies.
“The acquisition by Ontic, the fourth deal with Ultra, will ensure that the products, the highly skilled jobs, and the supply chain remain in the UK protecting the end customer and ensuring an efficient transition.”
Ultra’s chief executive Simon Pryce added: “These disposals are in line with our Ultra strategy to focus on our core capabilities and markets where Ultra has specific expertise and knowledge. As such, these technologies will be better developed under Ontic’s new ownership.”