M&A Deal Summary

Cubic Acquires GRIDSMART Technologies

On January 2, 2019, Cubic acquired electronics company GRIDSMART Technologies for 87M USD

Acquisition Highlights
  • This is Cubic’s 1st transaction in the Electronics sector.
  • This is Cubic’s 5th largest (disclosed) transaction.
  • This is Cubic’s 13th transaction in the United States.
  • This is Cubic’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2019-01-02
Target GRIDSMART Technologies
Sector Electronics
Buyer(s) Cubic
Deal Type Add-on Acquisition
Deal Value 87M USD

Target

GRIDSMART Technologies

Knoxville, Tennessee, United States
website
GRIDSMART Technologies, Inc. is a video tracking solution provider. GRIDSMART specializes in video detection at the intersection utilizing advanced image processing, computer vision modeling and machine learning along with a single camera solution providing best-in-class data for optimizing the flow of people and traffic through intersections. GRIDSMART Technologies, Inc. was founded in 2006 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Cubic

San Diego, California, United States

website

Category Company
Founded 1949
Sector Defense
Employees6,200
Revenue 1.5B USD (2020)
DESCRIPTION
Cubic's corporate headquarters in San Diego, California.
Cubic's corporate headquarters in San Diego, California.

Cubic is a provider of transportation technology solutions that support the operational needs of the most complex transit systems globally. The Company also provides highly engineered training solutions as well as specialized hardware and software offerings that improve operational readiness and support mission communication and intelligence gathering and analysis. Cubic was formed in 1949 and is based in San Diego, California.

DEAL STATS #
Overall 15 of 17
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 13 of 15
State (Tennessee) 1 of 1
Country (United States) 13 of 15
Year (2019) 1 of 3
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Trafficware

Sugar Land, Texas, United States

Trafficware Group Inc. is a supplier of simulation, optimization and adaptive control software in North America. Trafficware was formed in 1978 and is based in Sugar Land, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Nuvotronics

Durham, North Carolina, United States

Nuvotronics, Inc. revolutionary PolyStrata Architecture provides an unprecedented platform for mmWave performance, integration, and miniaturization. With 10x - 100x improvement in size, weight, and power (SWaP) Nuvotronics is poised to lead the wave to 5G and beyond.

Buy $72M
Mergr

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