American Holoptics, a Koucar Management affiliate, has agreed to acquire L3Harris Technologies ’ (NYSE: LHX) EOTech business for an undisclosed sum.
The acquisition is expected to be finalized by mid-2020, subject to customary closing conditions, the companies said in a joint release published Tuesday .
EOTech has approximately $60M in annual revenues and produces magnified field optics, holographic sighting systems and accessories for law enforcement, military and commercial clients worldwide.
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