Concept Development to be acquired by One Stop Systems
ESCONDIDO, Calif. One Stop Systems, Inc. (OSS) officials signed a definitive agreement to acquire Concept Development, Inc. (CDI), which specializes in the design and manufacture of high-performance in-flight entertainment systems for commercial aircraft. CDI’s capabilities include electrical, mechanical, and software design as well as extensive experience in test and certifications required for airborne systems.
"This strategic acquisition of CDI brings together two innovative companies that focus on specialized high-performance computing, with highly complementary technologies and skill sets,” says Steve Cooper, OSS CEO. "CDI has broad experience designing and delivering high-performance systems for the aerospace and in-flight entertainment markets, which complements OSS’ capabilities in designing and manufacturing specialized high-performance computing products for rugged airborne environments, media and entertainment. Together, we have more capable resources for bringing high-performance computing to the in-flight entertainment market and others, while offering a greater value proposition to our combined customer base.”
The acquisition is expected to be completed before the end of the third quarter.