Concurrent Technologies Acquires Phillips Aerospace

Concurrent Technologies, a world-leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, announces that it has completed the acquisition of Phillips Aerospace, a designer and manufacturer of rugged systems solutions predominantly serving the defence sector but with capabilities and customers in both the medical and industrial sectors.

The Acquisition significantly enhances the Company’s capability to design and manufacture rugged systems utilising its existing Plug-In-Cards. Concurrent Technologies' management team believes that the acquisition of Phillips Aerospace is an ideal opportunity at this stage of the Company’s development in the rugged systems market.

Miles Adcock, CEO of Concurrent Technologies, commented:

"I am delighted to complete the acquisition of Phillips Aerospace and look forward to working with our new and highly capable team. Phillips Aerospace materially enhances our capabilities in the rugged systems market. As an AS9100C Certified and qualified USA based supplier of systems to customers such as Boeing, Northrop Grumman and Raytheon, we can now further demonstrate the credibility needed to win and deliver Systems solutions that complements our existing Plug-In-Card business.”

Brent Salgat, President of Concurrent Technologies Inc, commented:

"We already have a track record of working with Phillips Aerospace on a number of projects and I am looking forward to working much more closely with them now the acquisition has closed. We have very complementary capabilities and our worldwide sales and marketing teams will leverage Phillips Aerospace to win more rugged systems business.”

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