AB Dynamics Plc (ABDP) has completed the acquisition of California-based Dynamic Research Incorporated for a maximum consideration of $24.7 million.
The acquisition expands the company’s reach by providing an engineering and sales facility in a crucial area close to both automotive OEMs and autonomous vehicle developers. It creates additional resources in the US to support the company’s growing base of products and services. It also enhances the group’s capabilities by complementing the development and testing of driving simulator technology.
On 2nd September 2019, at the time of writing, GMT 11:42 AM, ABDP shares were trading at GBX 2785, up 35 points or 1.27% against the previous day closing price.