Dynics buys Ann Arbor Technologies
Ann Arbor Technologies Corp. and Dynics Inc. report they've agreed to have Dynics purchase Ann Arbor's assets and liabilities for an undisclosed sum. The two firms plan to merge operations, and the newly formed entity will use the Dynics name. The transaction was expected to close by the end of July 2005.
Ann Arbor Technologies Corp. and Dynics Inc. report they’ve agreed to have Dynics purchase Ann Arbor’s assets and liabilities for an undisclosed sum. The two firms plan to merge operations, and the newly formed entity will use the Dynics name. The transaction was expected to close by the end of July 2005. Ed Gatt, Dynics’ owner and president, will remain as company president. James Drenning and Rick Barnich, both principals and officers of Ann Arbor, will serve on Dynics’ corporate board and serve in executive positions at the new firm.
Dynics plans to support and promote Ann Arbor and Dynics’ product lines through the combined, existing distribution and representative channel of more than 50 firms. To accommodate their joint operations, the new company will move to a new 15,000 square-ft. office and manufacturing facility.
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