Survival and safety brand ACR Electronics announced the acquisition of Ocean Signal, Ltd., a supplier of marine safety and survival equipment. Combined, the two companies now have the in-house capabilities to develop the next generation of survival products for the maritime, terrestrial, military and aviation markets, say the companies.
Financial terms of the acquisition will not be released.
Together the companies offer a full range of Emergency Position Indicating Radio Beacons, Personal Locator Beacons, Search and Rescue Transponders, AIS Man Overboard Beacons, VHF radios, Searchlights, rescue strobe lights, pyrotechnics, and safety accessories.
“Ocean Signal has pioneered a number of innovations in marine safety,” said Gerry Angeli, President of ACR Electronics. “Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market.”
Ocean Signal Managing Director Alan Wrigley said: “This is an exciting time for Ocean Signal and ACR. This combination will allow Ocean Signal to expand its capabilities and together we will redefine safety and survival technology in order to save more lives around the world – which is the objective we are all working towards.”