M&A Deal Summary

ITT Acquires Stanford Telecommunications - Space and Defense Communications Business

On September 23, 1999, ITT acquired communications company Stanford Telecommunications - Space and Defense Communications Business from Stanford Telecommunications for 191M USD

Acquisition Highlights
  • This is ITT’s 1st transaction in the Communications sector.
  • This is ITT’s 5th largest (disclosed) transaction.
  • This is ITT’s 7th transaction in the United States.

M&A Deal Summary

Date 1999-09-23
Target Stanford Telecommunications - Space and Defense Communications Business
Sector Communications
Buyer(s) ITT
Sellers(s) Stanford Telecommunications
Deal Type Divestiture
Deal Value 191M USD

Target

Stanford Telecommunications - Space and Defense Communications Business

United States
Stanford Telecommunications - Space and Defense Communications Business is a designer,manufacturer and marketer of advanced digital communications products and systems primarily for government customers.

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Buyer(S) 1

Buyer

ITT

White Plains, New York, United States

website


Category Company
Founded 1920
Sector Machinery
Employees9,900
Revenue 2.8B USD (2021)
DESCRIPTION

ITT is a manufacturer of highly engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace and transportation. ITT was founded in 1920 and is based in White Plains, New York.


DEAL STATS #
Overall 11 of 36
Sector (Communications) 1 of 1
Type (Divestiture) 4 of 12
Country (United States) 7 of 20
Year (1999) 5 of 5
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-31 FLOJET

Foothill Ranch,, California, United States

FLOJET Corp.manufactures air- and electric-driven pumps, motors and dispensing equipment for a variety of industries, including beverage, general industrial equipment, agricultural/lawn & garden, recreational vehicle, leisure marine and water purification.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Water Systems Division/ Marley Pump

United States

Marley Pump Company is a leading producer of Red Jacket submersible water pumps and submersible petroleum pumps as well a complete line of mechanical and electronic leak detection equipment and advanced monitoring devices for petroleum storage tanks.

Buy -

Seller(S) 1

SELLER

Stanford Telecommunications

Sunnyvale, California, United States

Category Company
Sector Communications
DESCRIPTION

Stanford Telecommunications, Inc. was engaged in the design, manufacture, and marketing of digital communications products and systems to establish or enhance communications via satellites, terrestrial wireless, and cable.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1