M&A Deal Summary

Eaton Acquires Cobham Mission Systems Wimborne

On February 1, 2021, Eaton acquired defense company Cobham Mission Systems Wimborne from Cobham for 2.8B USD

Acquisition Highlights
  • This is Eaton’s 1st transaction in the Defense sector.
  • This is Eaton’s 2nd largest (disclosed) transaction.
  • This is Eaton’s 6th transaction in the United Kingdom.

M&A Deal Summary
Date 2021-02-01
Target Cobham Mission Systems Wimborne
Sector Defense
Buyer(s) Eaton
Sellers(s) Cobham
Deal Type Divestiture
Deal Value 2.8B USD

Target

Cobham Mission Systems Wimborne

Wimborne, United Kingdom
website
Cobham Mission Systems Wimborne is a manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets. Cobham Mission Systems is based in Wimborne, United Kingdom.

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Buyer(S) 1

Buyer

Eaton

Dublin, Ireland

website

Category Company
Founded 1911
Sector Electrical Equipment
Employees92,000
Revenue 20.8B USD (2022)
DESCRIPTION
Eaton's operational headquarters in Beachwood, Ohio.
Eaton's operational headquarters in Beachwood, Ohio.

Eaton is a power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. Eaton's operational headquarters are in Beachwood, Ohio and its business headquarters is in Dublin, Ireland.

DEAL STATS #
Overall 53 of 57
Sector (Defense) 1 of 1
Type (Divestiture) 17 of 17
Country (United Kingdom) 6 of 6
Year (2021) 2 of 4
Size (of disclosed) 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 Tripp Lite

Chicago, Illinois, United States

Tripp Lite is a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Tripp Lite was formed in 1922 and is headquartered in Chicago, Illinois.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Green Motion

Le Mont-sur-Lausanne, Switzerland

Green Motion is a manufacturer of charging stations, designs management software for charging networks, operates charging stations, and serves as an electric mobility service provider. Green Motion was founded in 2009 and is based in Le Mont-sur-Lausanne, Switzerland.

Buy -

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 9 of 10
Sector (Defense) 2 of 3
Type (Divestiture) 9 of 10
Country (United Kingdom) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-16 Cobham - AvComm and Wireless Test and Measurement Businesses

Wimborne, United Kingdom

Cobham plc - AvComm and Wireless Test and Measurement Businesses is a provider of test an measurement equipment.

Sell $455M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Cobham Aviation Services Australia s Special Mission business

Australia

Cobham Aviation Services Australia's Special Mission business provides airborne border surveillance and search and rescue services to the Australian Federal Government. Cobham Aviation Services Australia's Special Mission business is based in Australia.

Sell -
Mergr

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