Odetics to Buy Firm

Odetics Inc. said Wednesday it has agreed to acquire Intelligent Controls Inc., a maker of access control products, for about 174,000 shares of stock.

Odetics’ Class A stock closed Wednesday at $18.59 a share, up 72 cents, which would make the deal worth about $3.2 million.

Odetics, which makes a variety of high-technology products, plans to merge Intelligent Controls of Lynnwood, Wash., into its Gyyr intelligent equipment unit.

Robert R. Percival, Intelligent Controls president, will become vice president and general manager of Intelligent Controls’ operations.