Ontic Engineering and Manufacturing, Inc. entered into an asset purchase agreement to acquire Five Distinct Product Lines of Ultra Electronics Holdings plc (LSE:ULE) on February 1, 2022. The acquisition covers five distinct product categories comprising: Legacy Electronics, Aircraft Lighting, Commodity Harnessing, Engine Terminal Blocks and Rail Barrier Systems. Seabury Securities LLC acted as financial advisor to Ultra Electronics Holdings Limited.

Ontic Engineering and Manufacturing, Inc. completed the acquisition of Five Distinct Product Lines of Ultra Electronics Holdings plc (LSE:ULE) on January 31, 2023, which is an estimated completion date.