Sparton completes acquisition of Aydin Displays

|About: Sparton Corporation (SPA)|By:, SA News Editor

Sparton (SPA +1%) completes the acquisition of flat panel/touch-screen display solutions provider Aydin Displays from Video Display (VIDE +1.7%).

The purchase price is comprised of cash, a 1-year 8% hold-back of the upfront price, and a $6M contingency based on Aydin's EBITDA in the next year. The subsidiary has a revenue run-rate of $18M.