M&A Deal Summary

BAE System Acquires Riptide Autonomous Solutions - Key Business

On June 3, 2019, BAE System acquired technology hardware company Riptide Autonomous Solutions - Key Business from Riptide Autonomous Solutions

Acquisition Highlights
  • This is BAE System’s 2nd transaction in the Technology Hardware sector.
  • This is BAE System’s 14th transaction in the United States.
  • This is BAE System’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-06-03
Target Riptide Autonomous Solutions - Key Business
Sector Technology Hardware
Buyer(s) BAE System
Sellers(s) Riptide Autonomous Solutions
Deal Type Divestiture

Target

Riptide Autonomous Solutions - Key Business

Plymouth, Massachusetts, United States
Riptide Autonomous Solutions - Key Business provides customers unmatched flexibility by offering a family of UUVs and integrated payload solutions capable of supporting a variety of critical missions

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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 19 of 27
Sector (Technology Hardware) 2 of 4
Type (Divestiture) 2 of 5
State (Massachusetts) 1 of 1
Country (United States) 14 of 17
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 IAP Research

Dayton, Ohio, United States

IAP Research, Inc. is an engineering company focused on the development and production of electromagnetic launchers, power electronics, and advanced materials.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Collins Aerospace - Global Positioning System & Raytheon’s Airborne Tactical Radios Business.

West Palm Beach, Florida, United States

Collins Aerospace - GPS business is a longstanding provider of mission-critical military GPS receiver solutions and has been a pioneer in military GPS receiver markets for over 40 years. Raytheon’s Airborne Tactical Radios Business is a provider of airborne tactical radio solutions. ATR business designs manufacture and supply a wide array of mission-critical communication systems to the U.S. Department of Defense, allied governments, and large defense aircraft manufacturers.

Buy $2.2B

Seller(S) 1

SELLER

Riptide Autonomous Solutions

Plymouth, Massachusetts, United States
Category Company
Founded 2015
Sector Technology Hardware
DESCRIPTION

Riptide Autonomous Solutions is a provider of an affordable unmanned underwater vehicle (UUV) technology and solutions. Riptide Autonomous Solutions was founded in 2015 and is based in Plymouth, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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