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Orbit Acquires Positioners and Tracking Systems Provider Euclid System Engineering.

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Israel-based communications equipment and solutions provider Orbit Communication Systems Ltd. (TASE: ORBI) has entered into an agreement to purchase 100% of the issued and repaid capital of Euclid System Engineering Ltd., which specializes in the development of smart, small and lightweight positioners and tracking systems for the defense industries, the company said.

This transaction is part of Orbit's plans to expand and complete the portfolio of products that the company currently offers to its customers.

Orbit said it plans to invest in maximizing the synergy between the activities and capabilities that exist in the company today and Euclid's current and future activities.

Orbit Communication Systems Ltd. (TASE: ORBI) is a global provider of airborne communications and satellite-tracking maritime and ground-station solutions.

The company's operations are spread globally, with production, marketing, sales and customer service, including a presence in...

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