Ultra announced that DGT Holdings' shareholders have approved the deal to acquire the power conversion business by Ultra, and the transaction has been closed. The transaction was subject to the approval of at least two-thirds of the outstanding shares of common stock of DGT.
In June, Ultra announced that it had agreed to acquire the power conversion business operated by RFI Corporation, a wholly-owned subsidiary of DGT Holdings Corp. (DGTC.OB), for a cash consideration of $12.5 million.
RFI Corporation, a manufacturer of high-voltage, power conversion subsystems, is located on Long Island, New York, USA, close to Ultra's EMS Development Corp., part of the Group's Information & Power Systems division, and will be integrated into the EMS business in 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.