Status: Upcoming/New Filing
Acquirer: Ricardo plc (UK)
Acquired: Control Point Corporation (US)
Value: Approx. US$10.2 million
Industry: Software; Information Technology
On August 2, Ricardo, plc, a UK based company servicing the international defense sector, announced it entered into a share purchase agreement to acquire Control Point Corporation, a US based full-service engineering firm specializing in the design and integration of complex systems that also services the defense sector, as well as in other commercial markets. (See Ricardo Press Release, Ricardo to expand US defence business with acquisition of Control Point Corporation, Aug. 2, 2017.) According to the announcement, the acquisition is subject to approval by CFIUS. (See id.)