CDI Corp. [CDO] recently said it has acquired DSPCon Inc., an engineering and software development firm headquartered in Bridgewater, N.J.
Financial terms of the cash transaction were not disclosed. The acquisition is expected to be accretive to earnings in 2011.
With approximately 40 employees, DSPCon creates, sells and services real-time data acquisition and analysis systems used widely in the mechanical design validation of jet engines and satellites. DSPCon also creates and produces embedded systems for turbo-machinery performance monitoring and mechanical failure prediction.
DSPCon becomes part of the CDI-Aerospace vertical organization within the CDI Engineering Solutions division.
“The acquisition of DSPCon adds an important testing and analytical component to our aerospace engineering services portfolio and particularly complements our airframe and propulsion systems engineering capabilities,” said Denny Vito, Executive Vice President of CDI-Aerospace.
“CDI-Aerospace offers us a terrific platform to expand distribution of our hardware and software solutions, but even more importantly it provides a great environment for the creative growth of our technical, engineering and scientific teams as we create innovative technologies to improve our customers’ testing, monitoring and design initiatives,” said Al Brower, DSPCon president and CEO.