Astronics Acquires PGA Electronic

AINalerts » November 14, 2013
November 14, 2013, 11:55 AM

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.

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