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Radstone Technology

Radstone Technology, the Towcester-based defence technology company, has accepted a £130m takeover offer from GE-Fanuc Embedded Systems of the US.

Radstone Technology has acquired Octec, the Bracknell-based supplier of image processors and video trackers, for £14m.

Radstone Technology is to acquire Interactive Circuits & Systems, the Canadian developer of military radio systems, for £21m.

Radstone Technology is to relocate its Foundation Technology electronics manufacturing business and up to 81 jobs from Towcester to Milton Keynes in May, while the remaining Radstone Group headquarters and 225 staff will move to a new site in Towcester.