Cyalume Technologies Holdings, Inc. (CYLU) Completes Acquisition of Combat Training Solutions
Cyalume Technologies Holdings, Inc. recently announced the acquisition of Combat Training Solutions, Inc. The acquisition was obtained via a $1 million consideration split equally between cash and stock, and includes an earn-out based on 2012 and 2013 performance. Cyalume is focused on chemical light, or chemiluminescent technology, and is the sole supplier of chemical light products to the U.S. and NATO-country militaries. Cyalume has manufacturing facilities in the United States and France. Cyalume products provide dependable lighting solutions military training and battlefield scenarios, as well as for safety and emergency situations. The company also has partnerships with Rheinmetall Waffe Munition,…