McLean, Va., April 12, 2012 -- ITT Exelis (NYSE: XLS) has completed the acquisition of Applied Kilovolts Group Holdings, Limited, a leading provider of precision high voltage power supplies for medical, scientific, pharmaceutical and food safety instruments. The company will become a part of the existing power solutions business area within the Exelis Geospatial Systems division.
Based in Sussex, England, Applied Kilovolts, which posted 2011 revenues of $13.2 million, produces critical components for global analytical instrumentation customers under the brand names Applied Kilovolts and Brandenburg. Exelis will continue to market products under those brand names.
The acquisition supports a key growth strategy for Exelis. It enables the company to expand its position as a leading provider of image-chain solutions from sensors to data to decisions, in this case, as a supplier of key components for the high-growth medical and scientific instrumentation market.
“The acquisition of Applied Kilovolts extends our technical capability, global presence and customer base,” said Ron Gordon, general manager of the Exelis power solutions business. “We believe this company and its employees are an excellent fit with the Exelis organization and will complement our current position as a technology leader and supplier to the commercial analytical instrumentation market.”
Exelis, through its power solutions business area, has been a leader in the development and production of advanced power supplies and other critical parts for instrument manufacturers for more than 35 years. From highly engineered components for mass spectroscopy and other scientific applications to onboard generators for military and commercial vehicles, customers trust Exelis to deliver the reliability and precision needed to keep their mission-critical products powered up in even the harshest environments.
About ITT Exelis
ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelisinc.com