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Ultra Electronics Holdings PLC acquires 3 Phoenix Inc


Wednesday, 19 Feb 2014 02:00am EST 

Ultra Electronics Holdings PLC:Says t has acquired 3 Phoenix Inc headquartered in Chantilly, Virginia, for an initial cash consideration of $70 mln.Says additional payments of up to $17 mln will be due subject to earnings growth over the next three years.Says it has acquired 3Pi from its management team which includes the five founders.