Arotech Corporation says it's entered into a definitive
agreement to acquire FAAC, a privately-owned corporation with
headquarters located in Ann Arbor (MI). For more than 30 years,
FAAC has provided simulators, systems engineering and software
products to the United States military, government and private
industry. This acquisition will significantly expand Arotech's
simulation business into the military arena. The closing of this
transaction is expected to take place next week.
FAAC management will stay with the company and will continue to
manage FAAC as a wholly-owned subsidiary of Arotech.
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