Veritas Completes Acquisition of GE Intelligent Platforms Embedded Systems Inc., Renames Business Abaco Systems
Veritas Capital has completed its acquisition of GE Intelligent Platforms Embedded Systems Inc. from General Electric and has renamed the business Abaco Systems Inc. Abaco provides open architecture computing and electronic systems for aerospace, defense, and industrial applications.
Bernie Anger, Abaco Systems President and CEO comments: "As an independent embedded technology and systems company, “we see real opportunity to take our extensive experience, mission-critical technology and the repeatable business processes we have developed to continue building a business that combines a commitment to technical innovation with extreme focus on customer service. The company is positioned to benefit from long-term market trends, including shifts towards open architecture, interoperable systems, smarter purchasing initiatives and technological modernization.”
Deal terms were not disclosed.
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