API Technologies Acquires UK-Based C-MAC Aerospace Ltd.for $33M

API Technologies Corp. ATNY today announced that it has completed the acquisition, through its UK-based subsidiary API Technologies (UK) Limited ("API UK"), of the entire issued share capital of C-MAC Aerospace Limited ("C-MAC"), a portfolio company of Francisco Partners and Shah Capital Partners, for a total purchase price of 20.95 million pounds sterling (approximately $33 million USD).