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Ontic Acquires Parts Lines from Ultra PCS
By: Jerry Siebenmark
Caption: This is the fourth acquisition by Ontic of certain product lines from Ultra Precision Control Systems.
Word Count: 205
Legacy parts specialist Ontic has signed an asset purchase agreement to acquire certain product lines from Ultra Precision Control Systems (Ultra PCS) in the UK. The financial terms of the transaction weren’t disclosed.

Those product lines include legacy electronics, aircraft lighting, commodity harnessing, engine terminal blocks, and rail barrier systems. They will be moved from two Ultra PCS locations to Ontic’s UK footprint in Cheltenham, Staverton, and Bolton. “The acquisition by Ontic, the fourth deal with Ultra, will ensure that the products, the highly skilled jobs, and the supply chain remain in the UK, protecting the end customers and ensuring an efficient transition,” said Ontic CEO Gareth Hall.

Ultra PCS CEO Simon Pryce said the sale of the product lines is in line with the company’s strategy to focus on its core capabilities and markets where it has specific expertise and knowledge. “As such, these technologies will be better developed under Ontic’s new ownership,” Pryce added.

Ontic has a portfolio of products licensed or acquired from major OEMs such as Honeywell, Safran, Thales, and GE Aviation. It also offers new and serviceable spares and repairs for more than 6,500 maturing and legacy aircraft parts.