M&A Deal Summary

American Holoptics Acquires EOTech

On March 25, 2020, American Holoptics acquired defense company EOTech from L-3 Communications

Acquisition Highlights
  • This is American Holoptics’ 1st transaction in the Defense sector.
  • This is American Holoptics’ 1st transaction in the United States.
  • This is American Holoptics’ 1st transaction in Michigan.

M&A Deal Summary
Date 2020-03-25
Target EOTech
Sector Defense
Buyer(s) American Holoptics
Sellers(s) L-3 Communications
Deal Type Divestiture

Target

EOTech

Ann Arbor, Michigan, United States
website
EOTech manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world. EOTech was formed in 2001 and s based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

American Holoptics

Clawson, Michigan, United States

website

Category Company
Sector Defense
DESCRIPTION

American Holoptics designs, manufactures, and markets electro-optical products, rifle optics, thermal devices, and night vision systems. American Holoptics is based in Clawson, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

L-3 Communications

New York, New York, United States

website

Category Company
Founded 1997
Sector Technology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.

DEAL STATS #
Overall 9 of 9
Sector (Defense) 1 of 1
Type (Divestiture) 8 of 8
State (Michigan) 1 of 1
Country (United States) 8 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 ASV Global

Broussard, Louisiana, United States

ASV Global, LLC is an unmanned surface vessel (USV) and autonomous vessel control systems company. ASV delivers surface vessels in a range of sizes, currently from 10 to 42 feet, with proprietary software and control systems and proven unmanned system autonomy architectures. These time-tested capabilities have been demonstrated on multiple vessel types and sizes with over 1,500 operating days of service. Additionally, the company’s autonomy systems are consistent with the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs) published by the International Maritime Organization.

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