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Article: Maxwell Technologies to Acquire Unit of Primex Physics International; Solidifies Global Leadership in Pulsed Power Technology.
- Article from:
- Business Wire
- Article date:
- April 2, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO--(BUSINESS WIRE)--April 2, 1998--Maxwell Technologies Inc. (NMS:MXWL) announced today that it has agreed to acquire the electromagnetic systems business of Primex Physics International Co., a subsidiary of Primex Technologies Inc. (NMS:PRMX), for $10 million in cash.
The acquired business' 1997 sales were approximately $17 million. The sale, which is contingent on obtaining certain approvals, is expected to be concluded by the end of April.
"Maxwell Technologies and Physics International are two of the world leaders in the arena of pulsed power technology and this consolidation yields a technology powerhouse in this domain," said ...