Wednesday, February 3, 2016
Cubic Completes $232.5M Acquisition of GATR Technologies
San Diego-based defense and transportation systems provider Cubic said Tuesday that it has completed its $232.5M acquisition of GATR Technologies, a manufacturer of satellite communications terminals. Cubic said the completion comes after receiving final Hart-Scott-Rodino regulatory approval on the deal. Cubic agreed to acquire GATR in December. GATR Technologies was based in Huntsville, Alabama, and sells its satellite terminals to the Department of Defense, intelligence agencies, and also commercial customers.