A Message From Gordon Taylor On behalf of Racal Instruments, I am delighted to announce that we have successfully completed a management-led LBO (Leveraged Buy Out) stock purchase of all global operations of Racal Instruments, Inc. (USA) and Thales Instruments, Ltd. (UK) from Thales of France. This includes all engineering, manufacturing, sales, and support facilities in the US, UK, France, Germany, Italy, India, the PRC, Hong Kong, and Korea. We will retain the use of the Racal Instruments name for all operations, as we build upon our proud heritage developed over the past forty years. The future is going to be a very exciting time for the entire global organization. The new Racal Instruments, with over 800 employees and sales of approximately $120 million, has a tremendous team in place and is present in some very dynamic markets that have the potential for significant growth. Racal Instruments has always been, and remains, in a very secure financial position, with sound venture capital backing and the complete confidence of both our investors and the entire management team. We will retain the goals and values that have always made us a success, as well as continue to focus upon every customer's individual needs. Our new independent status provides us with a secure platform for expansion through organic growth and strategic acquisitions, as well as additional avenues for demonstrating Racal Instruments' commitment to technological development and advancement. We will continue to introduce leading-edge solutions within the wireless test market, expand our product and service offerings within the broadband arena, and build upon our solid foundation of military systems and the test & measurement instruments business. Clearly these are exciting times, and I ask you to join us as we shape a new and prosperous future - a future of innovation, growth, and business excellence.
Gordon Taylor
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