Eurocontrol Technics Group Inc (TSXV:EUO) (OTCQB : EUCTF)
Machinery - Toronto, Ontario, Canada
Eurocontrol Technics Group Inc (TSXV:EUO) (OTCQB : EUCTF) Employees
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Eurocontrol Technics Group Inc (TSXV:EUO) (OTCQB : EUCTF) Details
Eurocontrol Technics Group Inc. is a Canadian public company listed on the TSX Venture Exchange (TSXV : EUO) and the US OTCQB market (OTCQB : EUCTF).Historically, Eurocontrol was involved in the acquisition, development and commercialization of innovative test and measurement technologies for industry through subsidiary companies located Israel. With disappointing results from operations in 2017 and in an effort to improve performance and transform the Company, on March 15, 2018, Eurocontrol announced management changes and the initiation of a formal process to explore a broad range of strategic alternatives. On July 31, 2018, Eurocontrol announced that it would be discontinuing operations in Israel after measures taken by management to reduce operating costs and to create a viable model for continued operations of these entities did not produce results that justify further investment by the Company in these operations. On October 31, 2018, shareholders approved a special resolution approving the sale of the discontinued Israeli subsidiaries. Eurocontrol management is focused on the evaluation of strategic alternatives, including potential investment opportunities and other value-enhancing transactions.
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