V Band Enters Systems Integration Derby: Angus Systems Acquired For $2.5 Million
THIS WEEK'S LEAD STORIES
Consolidation among trading room equipment companies continues as V Band Corp., a telephone turret manufacturer, joins forces with Angus System Inc., a supplier of video switching systems.
On Aug. 10, V Band announced its agreement to acquire Angus for $2.5 million cash and certain stock appreciation rights. It closed the deal two days later.
V Band, which is based in Yonkers, N.Y., said in a statement that its acquisition of Angus "is a major part of its strategy to provide an integrated
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