Astronics Acquires PGA Electronic
France-based cabin equipment manufacturer PGA Electronic is being taken over by Astronics, a U.S. firm that specializes in lighting, electric power and automated test systems, the two companies announced earlier this month. While PGA’s annual revenues are close to $44 million, Astronics is acquiring the company for $28.5 million. The deal is expected to be closed by year-end. PGA, which employs 190, offers products such as reading lights, cabin management systems and screens for in-flight entertainment.