BAE Buys UK's Pulse Power and Measurement, Strengthening Data Business
By Anthony O. Goriainoff
BAE Systems PLC said on Thursday that it acquired U.K.-based
high-end electronics company Pulse Power and Measurement Ltd. for
an undisclosed amount.
The U.K. defense-and-aerospace company said the acquisition
further advances its strategic objective to develop and grow its
capabilities in secure systems and information exploitation, and is
part of its strategy to develop breakthrough technologies.
"PPM's technology has the potential to increase the speed and
ease of sharing large volumes of data over a network, giving users
greater ability to exploit that data. As volumes of data grow, this
ability is crucial to give military and security customers an
information advantage," the company said.
Shares at 1055 GMT were down 2.60 pence, or 0.5%, at 496.50
Write to Anthony O. Goriainoff at
(END) Dow Jones Newswires
March 04, 2021 06:12 ET (11:12 GMT)
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