Fort Lauderdale-based safety and survival technology manufacturer ACR Electronics announced today its acquisition of Ocean Signal Ltd., a British supplier of marine safety and survival equipment.
Combining two highly experienced electronic engineering teams, ACR and Ocean Signal now have the in-house capabilities to develop the next generation of survival products for the marine, land, military and aviation markets, according to executives from both companies.
“This is an exciting time for Ocean Signal and ACR,” Ocean Signal managing director Alan Wrigley said in a statement. “This combination will allow Ocean Signal to expand its capabilities, and together we will redefine safety and survival technology in order to save more lives around the world — which is the objective we are all working towards.”
Ocean Signal will continue to operate from its UK base in Margate, England, with Wrigley continuing as managing director.
ACR said the financial terms of the acquisition will not be released.