Cobham plc (‘Cobham’) announces that it has now completed the purchase, originally announced on 30 May 2007, of the assets of Patriot Antenna Systems (‘Patriot’) for an initial cash consideration of $18m on a debt and cash free basis. Additional consideration of up to $27m will be payable, contingent on future performance. The completion of the acquisition follows the obtaining of outstanding environmental clearances. Based in Michigan, USA and employing approximately 100 people, Patriot designs and manufactures parabolic antennas, utilising its patented dual skin technology, and a range of specialist...