FORT LAUDERDALE, FL— May 1, 2015 — ACR Electronics, Inc., a Drew Marine company and the global leader in safety and survival technologies, today announced its acquisition of Ocean Signal, Ltd., an innovative supplier of marine safety and survival equipment.
ACR and Ocean Signal have two of the most highly experienced electronic engineering teams in the marine communication industry. Combined they now have the in-house capabilities to develop the next generation of survival products for the maritime, terrestrial, military, and aviation markets.
“Ocean Signal has pioneered a number of innovations in marine safety,” said Gerry Angeli, President of ACR Electronics. “Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market. Like ACR, Ocean Signal is known for reliable products that perform in the worst conditions the first time, every time and we are excited to add them to our team.”
The combination of the ACR and Ocean Signal brands bolster the product lines for the marine market place. Together the companies offer a full range of Emergency Position Indicating Radio Beacons, Personal Locator Beacons, Search and Rescue Transponders, AIS Man Overboard Beacons, VHF radios, Searchlights, rescue strobe lights, pyrotechnics, and safety accessories.
Ocean Signal Managing Director Alan Wrigley said: “This is an exciting time for Ocean Signal and ACR. 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.”
Financial terms of the acquisition will not be released.
Tags: ACR Electronics