Acquisition of Criticom Inc.
Our attorneys represented Ultra Electronics plc, a group of specialist businesses designing, manufacturing, and supporting electronic and electromechanical systems, sub-systems, and products for defense, security, and aerospace applications worldwide, in the completion of its acquisition of Criticom Inc. ("Criticom") for an initial cash consideration of US$28 million. An additional cash payment of up to US$5 million will be payable if certain performance based measures are achieved by June 30, 2008. The closing of the acquisition followed the successful completion of U.S. regulatory review and approvals. Criticom, based in Lanham, Maryland, is a leading integrator of complete video solutions to both government and commercial customers.