Holaday: Minnesota's Holaday Circuits to be acquired by Firan Technology Group

A longtime Minnetonka-based circuit board manufacturer will be acquired by a public Toronto-based electronics supplier. Canada's Firan Technology Group Corp. (Toronto Stock Exchange: FTG) announced this week that it signed an agreement to wholly acquire Holaday Circuits, a producer of high-tech circuit boards serving the aerospace and defense industries. FTG, which supplies electronic products and aviation systems for those same markets, will pay about $17.6 million in the deal. An earn-out provision...