August 1, 2014 / 6:55 AM / 3 years ago

BRIEF-Barco says to sell Orthogon unit to Exelis

Aug 1 (Reuters) - Barco Nv :

* Barco and Exelis have reached agreement for sale Of Barco Orthogon, wholly-owned subsidiary of Barco, for enterprise value of about 13 million euro

* Acquisition will augment Exelis offerings in its strategic growth area of critical networks

* Upon completion of the transaction, Orthogon will become part of the information systems division within Exelis

* Final closing is subject to customary closing conditions and regulatory approvals and is expected to happen soon Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below