Viasystems Buys DDI For $268M To Grow Defense Business

Law360, New York (April 4, 2012, 1:25 PM EDT) -- Viasystems Group Inc., a maker of printed circuit boards used in computers, cars and cellphones, will buy smaller rival DDI Corp. for $268 million in cash to expand its North American manufacturing base and grow its market share in the military and aerospace sectors, the company said Wednesday.

St. Louis-based Viasystems, which gets about 40 percent of its revenue from automotive components, will gain DDI's credibility with defense contractors like The Boeing Co. and Raytheon Co. The deal will also supplement Viasystems' cheaper Chinese manufacturing base...
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