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Ultra Electronics Holdings PLC to acquire Forensic Technology WAI Inc

Monday, 28 Apr 2014 02:00am EDT 

Ultra Electronics Holdings PLC:Agrees to acquire Forensic Technology WAI Inc for initial cash consideration of C$94 mln.Additional payments of up to C$6 mln will be made subject to earnings growth over next two years.Ultra has agreed to acquire Forensic Technology from private investors and its management team, which includes company's founder.Core management team will stay with business.Transaction is expected to close towards the end of the second quarter of 2014. 

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