American Holoptics Completes EOTech Business Buy

Koucar Management’s American Holoptics subsidiary has completed its acquisition of a L3Harris Technologies  (NYSE: LHX) business unit that manufactures electro-optical systems intended for military, law enforcement and commercial applications.

L3Harris first announced its EOTech business sale transaction in March and the defense company said Friday the annual revenue of its now-former unit is approximately $60M.

Investment bank Houlihan Lokey advised L3Harris on the financial aspects of the transaction.

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