M&A Deal Summary

Boeing Acquires Liquid Robotics

On December 6, 2016, Boeing acquired technology hardware company Liquid Robotics from Riverwood Capital

Acquisition Highlights
  • This is Boeing’s 2nd transaction in the Technology Hardware sector.
  • This is Boeing’s 23rd transaction in the United States.
  • This is Boeing’s 9th transaction in California.

M&A Deal Summary
Date 2016-12-06
Target Liquid Robotics
Sector Technology Hardware
Buyer(s) Boeing
Sellers(s) Riverwood Capital
Deal Type Add-on Acquisition

Target

Liquid Robotics

Sunnyvale, California, United States
Liquid Robotics, Inc. is a provider of autonomous maritime systems and developer of the Wave Glider ocean surface robot. Liquid Robotics persistent and versatile platforms utilized across the globe for ocean data observation, monitoring and surveillance break the economic and risk barriers to ocean data collection.

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Buyer(S) 1

Buyer

Boeing

Arlington, Virginia, United States
Category Company
Founded 1916
Sector Aerospace
Employees156,000
Revenue 77.8B USD (2023)
DESCRIPTION
Boeing's corporate headquarters in downtown Chicago, Illinois.
Boeing's corporate headquarters in downtown Chicago, Illinois.

Boeing is a global aerospace company that operates in five principal segments. These segments include Commercial Airplanes; Boeing Defense, Space & Security (BDS) which comprises of Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S); and Boeing Capital Corporation (BCC). The Company's other business includes the activities of Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. Boeing was founded in 1916 and is based in Arlington, Virginia.

DEAL STATS #
Overall 26 of 34
Sector (Technology Hardware) 2 of 3
Type (Add-on Acquisition) 21 of 27
State (California) 9 of 10
Country (United States) 23 of 29
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-12 Peters Software

Cologne, Germany

Peters Software GmbH is a provider of European Aviation Safety Agency (EASA) based training content for early stage pilot training. Peters Software specializes in curriculum and materials for commercial and private pilots operating in rapidly growing markets aligned with EASA. Peters Software GmbH is based in Cologne, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Aurora Flight Sciences

Manassas, Vermont, United States

Aurora Flight Sciences is an innovative technology company which strives to create smarter aircraft through the development of versatile and intuitive autonomous systems. Operating at the intersection of technology and robotic aviation, Aurora leverages the power of autonomy to make manned and unmanned flight safer and more efficient. Headquartered in Manassas, Virginia, Aurora operates production plants in Bridgeport, West Virginia and Columbus, Mississippi, has Research and Development Centers in Cambridge, Massachusetts, Dayton, Ohio and Mountain View, California, and a European office, Aurora Swiss Aerospace, located in Luzern, Switzerland.

Buy -

Seller(S) 1

SELLER

Riverwood Capital

Menlo Park, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Riverwood Capital is a tech-focused on private equity firm. Riverwood will consider investment opportunities across North and South America and looks for situations where the firm can commit $25 to $125 per transaction. Prospective transaction situations include growth capital financings, carve-outs, consolidations, and buyouts. Specific areas of interest include IT, communications, technology hardware, electronics, software, and digital media. Riverwood Capital was formed in 2008 and is based in Menlo Park, California.

DEAL STATS #
Overall 8 of 24
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 11
State (California) 4 of 9
Country (United States) 6 of 17
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 Sauce Labs

San Francisco, California, United States

Sauce Labs is a provider of a cloud-based platform for the automated testing of web and mobile applications. Sauce Labs was founded in 2008 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 Billtrust

Lawrenceville, New Jersey, United States

Billtrust is a provider of cloud-based payment cycle management solutions. Billtrust helps companies automate and accelerate their accounts receivable (AR) processes to increase cash flow, improve operational efficiency, and drive customer satisfaction. Billtrust was established in 2001 and is based in Lawrenceville, New Jersey.

Buy -
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