Sutron Corporation Completes Acquisition of Ilex Engineering, Inc.
- Press Release
- Source: Sutron Corporation
- On 9:45 am EST, Tuesday January 6, 2009
STERLING, VA--(MARKET WIRE)--Jan 6, 2009 -- Sutron Corporation (NasdaqCM:STRN - News) announced that it has completed the previously announced acquisition of Ilex Engineering, Inc. for a cash purchase price of approximately $580,000. Ilex Engineering is a leading provider of DOMSAT systems, custom software and engineering services in the GOES Data Collection Services market with revenues of approximately $550,000 in fiscal year 2008.
Sutron Corporation is a leading provider of real-time data collection and control products, systems software and professional services in the hydrological, meteorological and oceanic monitoring markets (www.sutron.com).
Contact:
Contact:
Sidney Hooper
(703) 406-2800
Email Contact
Sutron Corporation
21300 Ridgetop Circle
Sterling, VA 20166
(703) 406-2800
(703) 406-2801 FAX
http://www.sutron.com
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