M&A Deal Summary

Adaptas Solutions Acquires L3Harris Technologies - Applied Kilovolts & Analytical Instrumentation Business

On February 26, 2020, Adaptas Solutions acquired manufacturer L3Harris Technologies - Applied Kilovolts & Analytical Instrumentation Business from L3Harris

Acquisition Highlights
  • This is Adaptas Solutions’ 1st transaction in the Manufacturing sector.
  • This is Adaptas Solutions’ 2nd transaction in the United States.
  • This is Adaptas Solutions’ 1st transaction in Florida.

M&A Deal Summary

Date 2020-02-26
Target L3Harris Technologies - Applied Kilovolts & Analytical Instrumentation Business
Sector Manufacturing
Buyer(s) Adaptas Solutions
Sellers(s) L3Harris
Deal Type Divestiture

Target

L3Harris Technologies - Applied Kilovolts & Analytical Instrumentation Business

Melbourne, Florida, United States
L3Harris Technologies' Applied Kilovolts & Analytical Instrumentation Business provides mass spectrometer detection solutions.

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Buyer(S) 1

Buyer

Adaptas Solutions

Palmer, Massachusetts, United States

Category Company
Founded 1983
Sector Manufacturing
DESCRIPTION

Adaptas Solutions is a strategic OEM supplier for key products and manufacturing services for analytical and laboratory equipment manufacturers. Adaptas’ manufacturing vertical integration strategy allows for rapid to-market product development and best in class costing while delivering high-quality products and services. Adaptas Solutions was established in 1983 and is based in Palmer, Massachusetts.


DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 ETP Ion Detect Pty

Clyde, Australia

ETP Ion Detect Pty Ltd. is a designer, developer, test and manufactures the best ion detection systems available for an instrument. ETP Ion Detect Pty Ltd. is based in Clyde, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Cadence Fluidics

Montclair, California, United States

Cadence Fluidics LLC is a product developer and manufacturer of custom valve solutions and components for life science OEM customers. Cadence has developed multiple valve combinations to support the sophisticated platforms which include HPLC/UHPLC, mass spectrometry, preparative chromatography, flash chromatography, protein purification and next generation DNA sequencing systems. Cadence Fluidics was founded in 2008 and is based in Montclair, California.

Buy -

Seller(S) 1

SELLER

L3Harris

Melbourne, Florida, United States

Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.


DEAL STATS #
Overall 14 of 23
Sector (Manufacturing) 1 of 1
Type (Divestiture) 13 of 22
State (Florida) 2 of 7
Country (United States) 14 of 23
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 L3Harris Technologies - Security Detection and Automation Business

Tewksbury, Massachusetts, United States

L3Harris' Security Detection and Automation businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products. With headquarters in Tewksbury, Mass. and Luton, England, the combined businesses have 1,200 employees and a global sales and services operations footprint with more than 20,000 systems deployed world-wide across more than 100 countries.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 L3 Harris Technologies - Military Training Business

Tampa, Florida, United States

L3 Harris Technologies' Military Training Business provides military training solutions; Doss Aviation is the provider of initial flight training to the United States Air Force (USAF); and AMI is a design and manufacturing facility for simulator hardware.

Sell $1.1B