M&A Deal Summary

Carnegie Technologies Acquires Chemring Group - SmartSwitch

On November 1, 2017, Carnegie Technologies acquired information technology company Chemring Group - SmartSwitch from Chemring

Acquisition Highlights
  • This is Carnegie Technologies’ 2nd transaction in the Information Technology sector.
  • This is Carnegie Technologies’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-01
Target Chemring Group - SmartSwitch
Sector Information Technology
Buyer(s) Carnegie Technologies
Sellers(s) Chemring
Deal Type Divestiture

Target

Chemring Group - SmartSwitch

Romsey, United Kingdom
Chemring Group PLC - SmartSwitch includes 3GPP ANDSF and Hot Spot 2.0 compliant connection management technology that Carnegie will integrate into its Network Convergence Platform.

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Buyer(S) 1

Buyer

Carnegie Technologies

San Antonio, Texas, United States

Category Company
Sector Information Technology
DESCRIPTION

Carnegie Technologies is a IT communications company with industry experience and engineering teams on four continents.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Pravala Networks

Kitchener, Ontario, Canada

Pravala Networks is a provider of seamless mobility and connected vehicle technologies.

Buy -

Seller(S) 1

SELLER

Chemring

Romsey, United Kingdom

Category Company
Founded 1905
Sector Defense
Employees2,700
Revenue 510M GBP (2024)
DESCRIPTION

Chemring is a manufacturer of military and commercial energetic & defense materials whose major products are decoys and chaff for the protection of aircraft from attack. Chemring was founded in 1905 and is based in Romsey, England.


DEAL STATS #
Overall 2 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Drew Marine Signal and Safety

Fareham, United Kingdom

Chemring Marine is the supplier of marine pyrotechnic distress signals to the commercial and leisure marine markets.

Sell £32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Chemring Military Products

Perry, Florida, United States

Chemring Military Products, Inc. procures and delivers worldwide US-standard and non-standard ammunition, and weapons systems.

Sell $4M