Ultra Acquires Furnace Parts
U.K.-based Ultra Electronics acquired Furnace Parts LLC for $12 million from Takoda Group LLC. Cleveland, Ohio-based Furnace Parts is a developer and supplier of thermocouple-based temperature sensors for high-performance and demanding applications in the nuclear and process-control sectors. The acquisition, which closed earlier this month, will extend Ultra’s specialist temperature sensing capabilities in U.S. and international markets. Furnace Parts will be integrated into Ultra’s Nuclear Sensors & Process Instrumentation business based in Round Rock, Texas, within Ultra’s Aerospace and Infrastructure Division.