The American California-based company Meggitt Defense Systems (which is a part of the British Meggitt PLC) has bought the Canada-based Schreiner Canada company for $5.3 million.
Meggitt Defence Systems (MDS) is an international company with representative offices in more than 50 countries. The company specialises in development, production and operation of special-purpose equipment, such as targets (and relevant support equipment) for aircraft and ground vehicles, as well as remote-controlled vehicles.
Before being sold, the Schreiner Canada company had been involved in the same kind of activities, and, according to representatives of Meggitt, in the year 2003 Schreiner sold various products for a total amount of $7.4 million.
Sergyi Wey
11.01.2005