Controp Precision Technologies, an Israeli firm specializing in the development and manufacturing of customized electro-optical systems for the military and homeland security markets, is being acquired.
Aeronautics Ltd and Rafael Advanced Defense Systems are jointly acquiring Controp for a purchase price of $90 million, published reports say.
Controp was founded in 1988 as an electro-mechanical system-engineering specialist and developed complex Pan-Tilt platforms for antennae and electro-optical payloads. It moved into the design, development and manufacturing of stabilized Electro-Optical systems and was the pioneer in the development of continuous zoom assemblies for thermal imagers.
Recently Controp has focused on developing and producing thermal cameras, both cooled and uncooled.