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News Breaks | | | | December 18, 2012 | | 13:18 EDT |  | CUB | Cubic acquires NEK Special Programs Group for $52M
Cubic Corporation disclosed in a regulatory filing that Cubic and NEK Services, its wholly-owned subsidiary, acquired the operating assets of NEK Special Programs Group, a Special Operation Forces training business based in Fayetteville, North Carolina and Colorado Springs, Colorado. The assets are being acquired for a total consideration of $52M subject to the terms of the purchase agreement and include more than 200 operational and technical experts of NEK’s Special Operations Forces training business, Cubic said. | |
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| June 7, 2013 | | 11:47 EDT | | CUB | Cubic in talks to acquire Transport Solutions Business of Serco
Cubic Corporation announced it is in discussions to acquire Serco's Transport Solutions business, which provides Traffic Management Systems technology, Traffic and Road Enforcement and the maintenance of traffic signals, emergency equipment and other critical road and tunnel infrastructure. Cubic said it believes the business has excellent specialist knowledge and capability in the enforcement, road and traffic markets. Cubic and Serco have not entered a final and binding agreement, the company said. In the event that such an agreement is reached, it is Cubic's intention to integrate the business into its Transportation Systems division, it added. | |
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