Website: N/A
Stock Symbol: NASDAQ: ZRBA
Market Value: N/A (in millions)
Zareba Systems, Inc. (“Zareba”, “Zareba Systems” or the “Company”) designs,
manufactures and markets electronic perimeter fence and access control systems,
operating in one world-wide business segment. Zareba has three subsidiaries,
Zareba Systems Europe Limited, Zareba Security, Inc. and Zareba Systems of
Canada LTD. The Company was incorporated in Minnesota in 1960.
On September 27, 2004, through its newly formed subsidiary, Zareba Systems
Europe Limited (Zareba Systems Europe), Zareba acquired Rutland Electric Fencing
Company Ltd. (Rutland), a manufacturer and distributor of electronic fencing
equipment located in Oakham, United Kingdom (U.K.) pursuant to a stock purchase
agreement. Under the stock purchase agreement, Zareba purchased all of the
issued and outstanding share capital for a purchase price of approximately
$10.4 million, or approximately $8.5 million net of cash acquired. The
transaction was funded with bank debt and cash.