Firan Technology Group Corporation (“Ftg”) Announces The Signing Of A Definitive Agreement To Acquire Imi, Inc., A Us Based Circuit Board Company

Firan Technology Group Corporation (TSX:FTG), announced it has entered into an agreement to acquire IMI, Inc. (“IMI”) based in Haverhill, Massachusetts, north of Boston. IMI is a manufacturer of specialty RF circuit boards focused on the aerospace and defense markets. The closing of the acquisition is subject to approval by the Committee on Foreign Investment in the United States (CFIUS) and other customary closing conditions. The companies will shortly apply for CFIUS approval. The closing of the transaction is expected to take place in the first quarter of fiscal 2023.