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Omni-Lite Canada ( (TSE:OML) ) has provided an update.
Omni-Lite Industries Canada Inc. has announced the acquisition of Electronic Components, Inc. (eComp), a distributor of hard-to-find electronic components for sectors like aerospace, defense, medical, and energy, in an all-cash transaction valued at approximately US$350,000. This acquisition is expected to enhance Omni-Lite’s presence in the high-performance electronics market, particularly in the Aerospace & Defense industry, and contribute positively to earnings almost immediately by expanding sales channels and customer base.
More about Omni-Lite Canada
Omni-Lite Industries Canada Inc. is an innovative developer and manufacturer of mission-critical, precision-engineered components used by Fortune 100 companies in the aerospace and defense industries. Through its subsidiaries, including Monzite Corporation and DP Cast, Omni-Lite provides high-reliability solutions from complex forming, investment casting, and microelectronics assemblies.
YTD Price Performance: -29.29%
Average Trading Volume: 13,228
Technical Sentiment Signal: Hold
Current Market Cap: C$15.32M
Learn more about OML stock on TipRanks’ Stock Analysis page.