Stellant Systems To Acquire Comtech's Power Systems Technology (PST) Product Line For Total Cash Purchase Price Of $40M
Portfolio Pulse from Benzinga Newsdesk
Stellant Systems is set to acquire Comtech's Power Systems Technology (PST) product line for a total cash purchase price of $40M. The purchase price includes a preliminary sales price of $35M and contingent consideration up to $5M based on the achievement of certain targets. The transaction is expected to close by the end of October 2023, subject to regulatory approvals and customary closing conditions.
October 12, 2023 | 8:03 pm
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Comtech's Power Systems Technology product line is being acquired by Stellant Systems for $40M. This could potentially free up capital for Comtech and impact its financial performance.
The acquisition of Comtech's PST product line by Stellant Systems could potentially free up capital for Comtech, which could be used for other strategic investments or to strengthen its balance sheet. However, the impact on Comtech's stock price will depend on how the market perceives this transaction and its implications for Comtech's future growth and profitability.
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