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Home›Green Marine›VT Group to increase US technical services capability with latest aquisition
Green Marine

February 11, 2007 · about 19 years ago

VT Group to increase US technical services capability with latest aquisition

Support services and shipbuilding company VT Group (VT) has strengthened its US business with the acquisition of MILCOM Systems Corporation (MILCOM) for a debt free cash consideration of $42.5 million. For the full 2007 calendar year, MILCOM is expected to generate revenues in excess of $100m and a

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Support services and shipbuilding company VT Group (VT) has strengthened its US business with the acquisition of MILCOM Systems Corporation (MILCOM) for a debt free cash consideration of $42.5 million.

For the full 2007 calendar year, MILCOM is expected to generate revenues in excess of $100m and a profit margin of approximately 5%.

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