M&A Deal Summary

BAE System Acquires Eclipse Electronic Systems

On December 11, 2014, BAE System acquired electronics company Eclipse Electronic Systems from Esterline Technologies for 28M USD

Acquisition Highlights
  • This is BAE System’s 1st transaction in the Electronics sector.
  • This is BAE System’s 8th largest (disclosed) transaction.
  • This is BAE System’s 12th transaction in the United States.
  • This is BAE System’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-12-11
Target Eclipse Electronic Systems
Sector Electronics
Buyer(s) BAE System
Sellers(s) Esterline Technologies
Deal Type Divestiture
Deal Value 28M USD

Target

Eclipse Electronic Systems

Richardson, Texas, United States
Eclipse Electronic Systems, Inc. is a designer and manufacturer of high-performance, embedded digital receiver products and signal processing components.

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Buyer(S) 1

Buyer

BAE System

Camberley, United Kingdom
Category Company
Founded 1970
Sector Defense
Employees99,800
Revenue 23.1B GBP (2023)
DESCRIPTION
BAE office in Reston, Virginia.
BAE office in Reston, Virginia.

BAE Systems is a provider of defense and security products and services. From sophisticated cyber services and military support, to mission critical electronic systems and protection equipment, BAE aims to be at the forefront of defense technology and science. BAE Systems was founded in 1970 and is headquartered in Camberley, England.

DEAL STATS #
Overall 17 of 27
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 5
State (Texas) 1 of 1
Country (United States) 12 of 17
Year (2014) 3 of 3
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 SilverSky

Morrisville, North Carolina, United States

SilverSky provides comprehensive commercial cyber security services focused on organizations with strict security and compliance requirements such as banks, credit unions and other financial institutions. The Company also has a solid presence in other security-aware markets such as healthcare and insurance. SilverSky was founded in 1997 and is based in Morrisville, North Carolina.

Buy $233M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 BAE Systems - Ship Repair Business

San Francisco, California, United States

BAE Systems - Ship Repair Business is a provider of ship repair, maintenance, modernization, conversion and overhaul services.

Sell -

Seller(S) 1

SELLER

Esterline Technologies

Bellevue, Washington, United States
Category Company
Founded 1967
Sector Aerospace
Employees13,290
Revenue 2.0B USD (2017)
DESCRIPTION

Esterline Technologies Corp. is a specialized manufacturing company serving principally aerospace and defense markets. Esterline management views the company’s businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials.

DEAL STATS #
Overall 3 of 5
Sector (Electronics) 2 of 2
Type (Divestiture) 3 of 5
State (Texas) 1 of 1
Country (United States) 3 of 5
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Joslyn Sunbank

Paso Robles, California, United States

Sunbank is a supplier of connector accessories, backshells, and conduit systems for aerospace and industrial markets.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 BVR Technologies

Bellevue, Washington, United States

BVR Technologies Co. is a designer and manufacturer of gear trains, sensors, and electronic packages for its actuators and servos, as well as the SVO-5000 autopilot actuator that is a component of Rockwell Collins’ Pro Line Fusion* integrated avionics system.

Sell -
Mergr

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