JF Lehman acquires ACR

ACR Electronics was previously owned by Cobham Commercial Systems. As well as the American operation, Cobham has also divested its small related European operation to management for a nominal sum.

The businesses, ACR Electronics, Inc. and ACR Electronics Europe, design and manufacture beacons and emergency location transmitters, with activities in Fort Lauderdale, Florida, USA and Vienna, Austria, respectively.

The company says that this is the most significant remaining step, following the completion of the sale of the Analytic Solutions business in November 2011, towards achieving the divestment of the Group’s “non-core activities.”

Cobham’s remaining non-core businesses comprise small, sub-scale businesses and product lines, which together generated annual revenue of approximately £20m in 2011. These will be divested individually over time.

Warren Tucker, chief financial officer, Cobham, said: “These transactions substantially complete the planned divestments of Cobham’s non-core businesses, leaving us with a portfolio of focused businesses, each of which has differentiated technology and a leading position in attractive markets.”

ACR Electronics, founded in 1956, designs and manufactures a complete line of safety and survival products and sold through the ACR and Artex brand names. The product line includes ELTs, EPIRBs, PLBs, SART, strobe lights, life jacket lights, searchlights and safety accessories.