M&A Deal Summary

API Technologies Acquires Spectrum Control

On March 28, 2011, API Technologies acquired electrical equipment company Spectrum Control for 270M USD

Acquisition Highlights
  • This is API Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is API Technologies’ largest (disclosed) transaction.
  • This is API Technologies’ 2nd transaction in the United States.
  • This is API Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2011-03-28
Target Spectrum Control
Sector Electrical Equipment
Buyer(s) API Technologies
Deal Type Add-on Acquisition
Deal Value 270M USD
Advisor(s) UBS Investment Bank (Financial)

Target

Spectrum Control

Fairview, Pennsylvania, United States
website
Spectrum develops, designs, and manufactures high performance, custom solutions for the defense, aerospace, industrial, and medical industries worldwide. It operates in four segments: Advanced Specialty Products, Microwave Components and Systems, Power Management Systems, and Sensors and Controls.

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Buyer(S) 1

Buyer

API Technologies

Marlborough, Massachusetts, United States

website

Category Company
Founded 1993
Sector Electronics
Employees1,862
Revenue 226M USD (2014)
DESCRIPTION

API Technologies is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. API Technologies Corp. provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. API Technologies is headquartered in Marlborough, Massachusetts.

DEAL STATS #
Overall 2 of 6
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Pennsylvania) 1 of 1
Country (United States) 2 of 5
Year (2011) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-21 SenDEC

Fairport, New York, United States

SenDEC Corp. is a defense electronics manufacturing services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Commercial Microwave Technology

Rancho Cordova, California, United States

Commercial Microwave Technology, Inc. is a manufacturer of RF and microwave filters to the satellite and commercial industries.

Buy $8M
Mergr

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