M&A Deal Summary

MIND Technology Acquires L-3 Communications Klein Associates

On January 4, 2016, MIND Technology acquired electrical equipment company L-3 Communications Klein Associates from L-3 Communications

Acquisition Highlights
  • This is MIND Technology’s 1st transaction in the Electrical Equipment sector.
  • This is MIND Technology’s 1st transaction in the United States.
  • This is MIND Technology’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2016-01-04
Target L-3 Communications Klein Associates
Sector Electrical Equipment
Buyer(s) MIND Technology
Sellers(s) L-3 Communications
Deal Type Divestiture

Target

L-3 Communications Klein Associates

Salem, New Hampshire, United States
website
L-3 Communications Klein Associates, Inc. is a designer, manufacturer and worldwide distributor of sonar and waterside security systems to military and commercial customers.

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Buyer(S) 1

Buyer

MIND Technology

The Woodlands, Texas, United States

website


Category Company
Founded 1987
Sector Marine
Employees204
Revenue 35M USD (2023)
DESCRIPTION

MIND Technology is a geophysical equipment provider, offers lease, sale, and servicing of equipment to the seismic industry worldwide. It also sells new and used seismic equipment, as well as designs, manufactures, and sells marine seismic equipment. MIND Technology was founded in 1987 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2016) 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 4 of 9
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 3 of 8
State (New Hampshire) 1 of 1
Country (United States) 3 of 8
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 ForceX

Nashville, Tennessee, United States

ForceX, Inc. is a provider of ISR mission management software and geospatial application technology programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Micreo

Eight Mile Plains, Australia

Micreo Ltd. is specializes in solutions that utilize high-performance microwave, millimeter wave and photonic technology that complements L-3’s wide range of sensors and will strengthen L-3’s development of future products in the higher EW RF bandwidth.

Buy -