"This transaction effectively positions CUI Global for even more accelerated growth," explained Clough. "Orbital-UK's talent base of technical employees and their world-class engineering and support team, not to mention their sterling reputation within the natural gas industry, will enable us to speed market adoption of our Vergence GasPT2 device; while CUI Global's established network of global distributors will allow Orbital-UK to market its broad portfolio of natural gas products to a much larger audience.""This is a very significant company milestone for Orbital," explained Orbital-UK's managing director, Andy Ridge. "With the combination of these two companies we will now be able to expand our programs and services for our existing customer base, as well as pursue growth opportunities across a much broader market. As part of a global entity, we expect enhanced visibility in the market and heightened awareness for our company offerings. Further, the addition of the Vergence GasPT2 technology to our current product line is expected to increase our ability to penetrate new markets and thereby grow our core business."
CUI Global, Inc. Announces Intent To Acquire Privately Owned Natural Gas Technology Company Orbital-UK For 17.0 Million Pounds Sterling
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