Astronics corporation (nasdaqgs:atro) acquired diagnosys holdings, inc, diagnosys ferndown limited and diagnosys electronics (i) private limited from diagnosys test systems limited for $20 million.

Astronics corporation (nasdaqgs:atro) acquired diagnosys holdings, inc, diagnosys ferndown limited and diagnosys electronics (i) private limited from diagnosys test systems limited for $20 million on october 4, 2019. the consideration included $7 million in cash and a potential earn-out of up to an additional $13 million over the next three years based on achievement of new order levels of over $70 million during that period. the acquired businesses have operations in westford, massachusetts as well as ferndown, england, and in bangalore, india. astronics corporation (nasdaqgs:atro) completed the acquisition of diagnosys holdings, inc, diagnosys ferndown limited and diagnosys electronics (i) private limited from diagnosys test systems limited on october 4, 2019.
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