Ricardo completes the acquisition of Control Point Corporation
Ricardo plc has announced today that its acquisition of Control Point Corporation has received all the relevant regulatory approvals, including that of the Committee on Foreign Investment in the United States, and the company is now a fully owned subsidiary of Ricardo Defense Systems LLC (RDS).
Control Point Corporation (CPC) will be led by senior vice president Ed Marcarelli who will report to Chet Gryczan, president of RDS. With its staff of over 100 and its deep engineering and software development capabilities, the new organization will be able to offer its customers in the US defence sector an expanding portfolio of services and solutions.
“I am delighted to welcome CPC employees to RDS and the larger Ricardo group,” commented Chet Gryczan, president of RDS. “The expertise of the combined organization will enable us to deliver all aspects of system engineering and integration, software and product development and full product lifecycle support to our customers. I look forward to working with the new colleagues joining us from CPC, in our newly expanded RDS team.”