ITT Exelis (XLS) Completes Acquisition of Applied Kilovolts Group
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ITT Exelis (NYSE: XLS) has completed the acquisition of Applied Kilovolts Group Holdings, Limited, a leading provider of precision high voltage power supplies for medical, scientific, pharmaceutical and food safety instruments. The company will become a part of the existing power solutions business area within the Exelis Geospatial Systems division.
Based in Sussex, England, Applied Kilovolts, which posted 2011 revenues of $13.2 million, produces critical components for global analytical instrumentation customers under the brand names Applied Kilovolts and Brandenburg. Exelis will continue to market products under those brand names.
Based in Sussex, England, Applied Kilovolts, which posted 2011 revenues of $13.2 million, produces critical components for global analytical instrumentation customers under the brand names Applied Kilovolts and Brandenburg. Exelis will continue to market products under those brand names.
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