M&A Deal Summary

Huntington Ingalls Industries Acquires Hydroid

On February 4, 2020, Huntington Ingalls Industries acquired marine company Hydroid from Kongsberg Gruppen for 350M USD

Acquisition Highlights
  • This is Huntington Ingalls Industries’ 1st transaction in the Marine sector.
  • This is Huntington Ingalls Industries’ 3rd largest (disclosed) transaction.
  • This is Huntington Ingalls Industries’ 5th transaction in the United States.
  • This is Huntington Ingalls Industries’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-02-04
Target Hydroid
Sector Marine
Buyer(s) Huntington Ingalls Industries
Sellers(s) Kongsberg Gruppen
Deal Type Divestiture
Deal Value 350M USD

Target

Hydroid

Pocasset, Massachusetts, United States
website
Hydroid LLC is a manufacturer and supplier of autonomous underwater vehicles (AUV) for military and commercial markets worldwide. Its REMUS line of unmanned underwater vehicles (UUV) has provided deployable solutions for use in defense, marine research and commercial applications. Hydroid specializes in UUV design, engineering, production and support.

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Buyer(S) 1

Buyer

Huntington Ingalls Industries

Newport News, Virginia, United States

website

Category Company
Founded 1886
Sector Marine
Employees44,000
Revenue 10.7B USD (2022)
DESCRIPTION

Huntington Ingalls Industries is a military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets. Huntington Ingalls Industries was founded in 1886 and is based in Newport News, Virginia.

DEAL STATS #
Overall 5 of 8
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 5 of 7
Year (2020) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Fulcrum IT Services

Centreville, Virginia, United States

Fulcrum IT Services is an information technology (IT) company that provides IT solutions and services for federal, state, local, and commercial customers. Fulcrum IT specializes in the areas of enterprise systems operations, system and application development, data management solutions, information and infrastructure assurance and intelligence analysis and methodologies.

Buy $193M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 Sea Machines Robotics

Hamburg, Germany

Sea Machines Robotics, Inc. is an autonomous technology company that specializes in advanced control technology for workboats and other commercial surface vessels. Sea Machines Robotics was founded in 2015 and is based in Hamburg, Germany.

Buy -

Seller(S) 1

SELLER

Kongsberg Gruppen

Kongsberg, Texas, Norway

website

Category Company
Founded 1814
Sector Technology Hardware
Employees11,364
Revenue 27.4B NOK (2021)
DESCRIPTION

Kongsberg Gruppen is an international technology corporation that delivers advanced and reliable solutions that improve safety, security and performance in complex operations and during extreme conditions. Kongsberg was founded in 1814 and is based in Kongsberg, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-06 Rolls Royce Holdings - Commercial Marine Business

London, United Kingdom

Rolls Royce Holdings plc - Commercial Marine Business includes propulsion, deck machinery, automation and control, a service network spanning more than 30 countries and ship design capability, which to date has seen around 1,000 ships of Rolls-Royce design delivered to offshore, cargo, passenger and fishing vessel customers worldwide.

Buy £500M
Mergr

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