CUI Global, Inc. (NASDAQ:CUI) announced that they have acquired Orbital Gas Systems Limited
CUI Global, Inc. (NASDAQ:CUI) announced that they have acquired Orbital Gas Systems Limited.
As quoted in the press release:
The acquisition offers significant synergies for revenue growth. Orbital-UK’s internationally recognized expertise in the natural gas industry, including bringing together the patented VE-technology with the Vergence® GasPT2 device from CUI Global offer natural gas operators/users a comprehensive solution set for the next generation of energy metering systems.
CUI Global’s President and CEO, William Clough, said:
Orbital-UK’s talent base of technical employees and their world-class engineering and support team, not to mention their sterling reputation within the natural gas industry, will enable us to speed market adoption of our combined GasPTi device; while CUI Global’s established network of global distributors will allow Orbital-UK to market its broad portfolio of natural gas products to a much larger audience.