Tuesday, January 30, 2007 7:00:00 AM PDT | VentureDeal Staff
BC -- Xantrex (TSX: XTX) announced the agreement
to acquire the Elgar Electronics Corporation
for $108 million in an all cash transaction.
San Diego-based Elgar manufactures numerous programmable power products for
customers in the aerospace, marine, medical, government, telecom and
Xantrex believes the acquisition will be highly complementary to its portfolio
of businesses and growth strategies. Elgar's unaudited 2006 financials
included revenues of $64 million and net income of $6.3 million.
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