Thursday, October 9, 2014
Channel Technologies Group Buys Materials Systems Inc.
Santa Barbara-based Channel Technologies Group, which manufacturers sonar and navigation systems, piezoelectric ceramics, transducers, and other products used in the defense and other industries, said this morning that it has acquired Materials Systems Inc., a manufacturer of piezecomposite sonar transducers and arrays for defense and commercial customers. Financial terms of the buy were not disclosed. CTG is backed by Blue Wolf Capital Fund II, LP. Materials Systems is based in Littleton, Mass., and develops its products for use in defense applications such as mine hunting, mine neutralization, torpedo honing, and more.