M&A Deal Summary

Arotech Acquires Inter-Coastal Electronics

On February 10, 2021, Arotech acquired defense company Inter-Coastal Electronics

Acquisition Highlights
  • This is Arotech’s 2nd transaction in the Defense sector.
  • This is Arotech’s 2nd transaction in the United States.
  • This is Arotech’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-02-10
Target Inter-Coastal Electronics
Sector Defense
Buyer(s) Arotech
Deal Type Add-on Acquisition

Target

Inter-Coastal Electronics

Mesa, Arizona, United States
Inter-costal Electronics is a privately-owned corporation headquartered in Mesa, AZ. For over 30 years, ICE has been providing live training and test instrumentation systems. ICE designs, manufactures, and supports complex instrumentation ecosystems supporting strategic military training objectives.

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Buyer(S) 1

Buyer

Arotech

Ann Arbor, Michigan, United States

Category Company
Founded 1990
Sector Defense
Employees472
Revenue 97M USD (2018)
DESCRIPTION

Arotech is an engineering solutions company that offers training & simulation and power systems solutions to military, law enforcement and homeland security markets. The Power Systems Division develops special-purpose batteries, smart chargers and electronic components through operations in South Carolina and Israel. The Training & Simulation Division develops, manufactures and markets advanced multi-media and interactive digital solutions for engineering, use-of-force and operator training simulations. Arotech was founded in 1990 and is based in Ann Arbor, Michigan.


DEAL STATS #
Overall 2 of 3
Sector: Defense M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: Arizona M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 UST-Aldetec Group

Fair Lawn, New Jersey, United States

UST-Aldetec Group is a privately held corporation with sites in Fair Lawn, NJ, Sacramento, CA, and Reno, NV serving the defense, communications, and medical markets. UST-Aldetec is a state-of-the-art design, engineering, manufacturing, and services company specializing in complex, high reliability, mission-critical electronic components.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Advance Circuit Technology

Rochester, New York, United States

Advance Circuit Technology is a contract electronic manufacturing company offering electronic PCB assembly, thick-film hybrid circuit design and manufacturing, final electronic assembly, and testing. Its production is divided primarily between ceramic hybrid circuits and printed circuit board assemblies and continues to be a stable resource for the electronics industry. Advance Circuit Technology was formed in 1998 and is based in Rochester, New York.

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