Spirent sells off £61m PG Drives

Communications tester Spirent yesterday announced the $61m (£39.5m) sale of its system division PG Drives Technology to US defence component maker Curtiss-Wright.
PG Drives designs and makes power supply controllers for electric vehicles. Spirent chief executive Bill Burns said the disposal was a “step forward in Spirent’s strategy to focus the group’s activities on the faster growing test and measurement market”.