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Data Device acquires National Hybrid for data networking technology
NEW YORK, July 8 () -- Data communication and control technology company Data Device Corp. has acquired National Hybrid Inc., strengthening its defense and aerospace business.The transaction was valued at $32.5 million. Other details of the deal were not disclosed.DDC is a portfolio company of Behrman Capital,[url=http://www.fbrecs.com/]Jimmy Choo handbags[/url], a private equity investment firm based in New York and San Francisco. National Hybrid Inc. was a company of API Technologies Corp. It designs and manufactures military-standard data networking technology, specializing in critical components for the defense and aerospace market. Among its products are high-density, multi-chip modules and custom state-of-the-art hybrid micro-electronic circuits. National Hybrid is headquartered in Ronkonkoma, N.Y."National Hybrid is an ideal strategic acquisition for DDC," said Vincent Buffa,[url=http://www.kbcrussia.com/]true religion outlet[/url], president of DDC. "This addition of National Hybrid's product line will greatly enhance DDC's offering to its customers and also provide access to new strategic markets."We look forward to building upon National Hybrid's leadership in military specification data bus products."