Aeroflex Reports Sale of Test Equipment Services for $18.7M
Aeroflex Holding Corp. ("Aeroflex") (NYSE: ARX), a leading global provider of high performance microelectronic components, and test and measurement equipment, today announced the sale of its Aeroflex Test Equipment Services (“ATES”) business to Trescal Limited for approximately $18.7 million. ATES provides calibration and repair services of non-Aeroflex test and measurement equipment in the United Kingdom.
ATES was a subsidiary of Aeroflex Limited, a provider of test and measurement equipment to the wireless communications industry. The sale of ATES will allow Aeroflex Limited to enhance its focus on building its core wireless test and measurement equipment business.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.