M&A Deal Summary

B/E Aerospace Acquires Draeger Aerospace

On July 27, 2006, B/E Aerospace acquired aerospace company Draeger Aerospace from Cobham for 80M USD

Acquisition Highlights
  • This is B/E Aerospace’s 2nd transaction in the Aerospace sector.
  • This is B/E Aerospace’s 5th largest (disclosed) transaction.
  • This is B/E Aerospace’s 1st transaction in Germany.

M&A Deal Summary
Date 2006-07-27
Target Draeger Aerospace
Sector Aerospace
Buyer(s) B/E Aerospace
Sellers(s) Cobham
Deal Type Divestiture
Deal Value 80M USD

Target

Draeger Aerospace

Lubeck, Germany
website
Draeger Aerospace GmbH, is a supplier of components and integrated systems to supply oxygen systems for both civil and military aircraft. In the civil market, Draeger has well-established strengths in both chemical and gaseous oxygen systems.

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Buyer(S) 1

Buyer

B/E Aerospace

Wellington, Florida, United States

website

Category Company
Founded 1987
Sector Aerospace
Employees10,057
Revenue 2.7B USD (2015)
DESCRIPTION
Entrance to B/E Aerospace's corporate headquarters in Wellington, Florida.
Entrance to B/E Aerospace's corporate headquarters in Wellington, Florida.

B/E Aerospace, Inc. is a manufacturer of aircraft cabin interior products and a provider of aerospace fasteners, consumables and logistics services. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems.

DEAL STATS #
Overall 4 of 17
Sector (Aerospace) 2 of 5
Type (Divestiture) 2 of 6
Country (Germany) 1 of 2
Year (2006) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-14 M & M Aerospace Hardware

Miami, Florida, United States

M & M Aerospace Hardware, Inc. a independent aftermarket distributor of aerospace fasteners.

Buy $177M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 New York Fasteners

Paramus, New Jersey, United States

New York Fasteners Corp., is a distributor of a wide variety of aerospace fasteners and hardware primarily to the military sector.

Buy $67M

Seller(S) 1

SELLER

Cobham

Bournemouth, United Kingdom

website

Category Company
Founded 1934
Sector Defense
Revenue 1.9B GBP (2018)
DESCRIPTION

Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Wimborne, the United Kingdom.

DEAL STATS #
Overall 3 of 10
Sector (Aerospace) 1 of 2
Type (Divestiture) 3 of 10
Country (Germany) 1 of 1
Year (2006) 2 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-27 Wallop Defence Systems

Bellevue, Washington, United States

Wallop Defence Systems Ltd., is a manufacturer of wide range of pyrotechnic products for armed forces around the world.

Sell $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-07 Patriot Antenna Systems

Albion, Michigan, United States

Patriot Antenna Systems, a manufacturer of antennas that are used to support satellite communications, has been acquired by Cobham, an international company engaged in the development, delivery and support of advanced aerospace and defense systems for land, sea and air platforms.

Buy -
Mergr

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