Acquisition watch.City of Industry-based Global ePoint Inc. agreed to acquire the aircraft electronics and communication assets of AirWorks Inc. for $3.3 million plus an additional $3 million based on performance benchmarks, in a deal announced last week. AirWorks' products monitor cockpit This article is about the flight deck of an aircraft. For other uses, see Cockpit (disambiguation). A cockpit is the area usually nearer the front of a piloted aircraft from which a pilot controls the aircraft. doors on aircraft. It is the second acquisition in several weeks for the company in the area of video surveillance. Global ePoint has targeted the surveillance business as more countries adopt regulations requiring aircraft doors to be electronically monitored. "Mandates are already out in Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. , Asia, Germany and the United Kingdom," said Chief Executive Toresa Lou. "We expect more others to follow, like the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ." The acquisition will be immediately accretive to earnings this quarter, thanks to a $10 million contract the tiny company already has. "And they continue to develop business in different areas, such as South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. ," said Lou. Three weeks ago, Global ePoint acquired Glendale-based Perpetual PERPETUAL. That which is to last without limitation as to time; as, a perpetual statute, which is one without limit as to time, although not expressed to be so. Digital, a privately held supplier of digital video recording systems, in another acquisition to boost its surveillance unit. |
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