Ardan Control Tech (ATC) News
1 article
growth-positive
Ludan Engineering Buys Ardan Control Tech
Ludan Engineering has acquired control of Ardan Control Tech, a private company with an annual turnover of approximately $17 million. The acquisition was made through a subsidiary of Ludan Tech Inc. and will take place in two phases. Ludan acquired 51% of the shares for 5.8 million Shekels ($1.6 million) and will acquire the remaining shares after three years. Ludan intends to consolidate and market Ardens capabilities in foreign markets. Ardan Control Tech is a leading provider of integrated automation and control solutions, operating in various industries. Ludan Engineering is a multidisciplinary engineering firm in Israel.
Acquisition