M&A Deal Summary

General Dynamics Acquires SNC Technologies

On February 23, 2006, General Dynamics acquired defense company SNC Technologies from SNC-Lavalin for 275M USD

Acquisition Highlights
  • This is General Dynamics’ 4th transaction in the Defense sector.
  • This is General Dynamics’ 11th largest (disclosed) transaction.
  • This is General Dynamics’ 2nd transaction in Canada.
  • This is General Dynamics’ 1st transaction in Quebec.

M&A Deal Summary
Date 2006-02-23
Target SNC Technologies
Sector Defense
Buyer(s) General Dynamics
Sellers(s) SNC-Lavalin
Deal Type Divestiture
Deal Value 275M USD

Target

SNC Technologies

Le Gardeur, Quebec, Canada
website
SNC Technologies, Inc. is an ammunition system integrator that supplies small-, medium- and large-caliber ammunition and related products to the Canadian Forces, other national defense customers and law enforcement agencies around the world.

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Buyer(S) 1

Buyer

General Dynamics

Falls Church, Virginia, United States

website

Category Company
Founded 1952
Sector Defense
Employees103,000
Revenue 38.5B USD (2021)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Falls Church, Virginia.

DEAL STATS #
Overall 15 of 30
Sector (Defense) 4 of 5
Type (Divestiture) 3 of 3
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2006) 1 of 2
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-12 FC Business Systems

Fairfax, Virginia, United States

FC Business Systems, Inc. is an information technology (IT) services firm headquartered in Fairfax, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-07 Anteon International

Fairfax, Virginia, United States

Anteon International Corp. is an information technology, and systems engineering and integration company, providing support to the U.S. federal government. The company's operations focused on design, integration, maintenance and upgrades of state-of-the-art systems for national defense, intelligence, emergency response and other high priority civilian and military government missions.

Buy $2.2B

Seller(S) 1

SELLER

SNC-Lavalin

Montreal, Quebec, Canada

website

Category Company
Founded 1911
Sector Energy Services and Equipment
Employees37,584
Revenue 7.5B CAD (2022)
DESCRIPTION

SNC-Lavalin is a global fully integrated professional services and project management company. SNC-Lavalin will build, own, and operate the natural gas compression assets for the Nautilus natural gas gathering system, building on SNC-Lavalin’s world-leading expertise across the entire oil & gas value chain. SNC-Lavalin was founded in 1911 and is based in Montreal, Quebec.

DEAL STATS #
Overall 1 of 2
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 2
State (Quebec) 1 of 2
Country (Canada) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 Kentz

St Helier, Channel Islands

Kentz is an engineering and construction business serving clients primarily in the oil and gas, petrochemical and mining and metals sectors.

Buy £1.2B
Mergr

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