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OSIS » Topics » Acquisition of J&D Engineering through Rapiscan Security Products Limited

This excerpt taken from the OSIS 10-K filed Sep 22, 2006.

Acquisition of J&D Engineering through Rapiscan Security Products Limited

 

In December 2003, the Company acquired substantially all of the assets of J&D Engineering (UK) Limited (“J&D Engineering”) for approximately £460,000 (or approximately $0.8 million) including acquisition costs.

 

The acquisition was made through a wholly owned subsidiary, Rapiscan Security Products Ltd. (since renamed Rapiscan Systems Limited) (“Rapiscan UK”). The following table shows the allocation of the purchase price (in thousands):

 

Fair value of assets (net of cash) acquired

    $ 435

Goodwill

      385
    

Total

    $ 820
    

 

This excerpt taken from the OSIS 10-K filed Sep 29, 2005.

Acquisition of J&D Engineering through Rapiscan Security Products Limited

 

In December 2003, the Company acquired substantially all of the assets of J&D Engineering (UK) Limited (“J&D Engineering”), a company registered in England and Wales. The Company paid approximately £460,000 (or approximately $820) including acquisition costs.

 

The acquisition was made through a wholly owned subsidiary, Rapiscan Security Products Ltd. (“Rapiscan UK”) The following table shows the allocation of the purchase price:

 

Fair value of assets (net of cash) acquired

    $ 435

Goodwill

      385
    

Cash paid

    $ 820
    

 

EXCERPTS ON THIS PAGE:

10-K
Sep 22, 2006
10-K
Sep 29, 2005

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