National Technical Systems Inc. (Nasdaq:NTSC) announced that it has taken another key step in its strategic plan to grow NTS into a larger, more diverse and more comprehensive provider of testing and engineering services with the acquisition of the business and assets of Lightning Technologies, Inc. (LTI) for $6 million in cash, plus an earn-out of up to an additional $1 million based on meeting certain performance targets within the first 48 months following the acquisition.
National Technical Systems, Inc., a diversified technical services company, provides engineering and compliance testing services to the defense, aerospace, telecommunications, automotive, energy, consumer products, and industrial products markets worldwide.
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September 5th, 2011 at 02:47 pm