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  • Saturday, April 20, 2024

L-3 Purchases German Firm FUNA

L-3 Communications (NYSE: LLL) announced  it acquired FUNA International, GmbH (FUNA) last month.

The terms of the transaction were not disclosed.

Moving forward, the Germany-based firm will function within the Marine & Power Systems Group of L-3’s Electronic Systems segment.

FUNA specializes in control and safety systems, communication systems and entertainment solutions for cruise ships, ferries and mega yachts.

“The addition of FUNA creates significant opportunities for revenue synergies by expanding the portfolio of products we offer our Marine & Power Systems customers and by increasing our customer base, ” said Robert E. Leskow, president of L-3’s Marine & Power Systems.

“FUNA is known for providing high quality solutions to its customers and expands our offering for complex passenger vessels. FUNA also provides fire safety and suppression systems for offshore wind turbines, fitting well with our strategy to grow business in the offshore wind energy segment, ” he added.

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