Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that it has signed a definitive agreement to acquire all of the outstanding common stock of Summit Instruments, Inc. ("Summit"). Based in Akron, Ohio, Summit designs and manufactures custom accelerometers, gyros, inertial measurement systems, and related products and assemblies. The transaction is expected to close by the end of October. The total purchase price of the acquisition is approximately ...
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