M&A Deal Summary

Cohort Acquires Elac Sonar

On December 12, 2019, Cohort acquired marine company Elac Sonar from Wartsila

Acquisition Highlights
  • This is Cohort’s 1st transaction in the Marine sector.
  • This is Cohort’s 1st transaction in Germany.

M&A Deal Summary

Date 2019-12-12
Target Elac Sonar
Sector Marine
Buyer(s) Cohort
Sellers(s) Wartsila
Deal Type Divestiture

Target

Elac Sonar

Kiel, Germany
Elac Sonar is a maritime defense system offering through its innovative technology in the surface ship and submarine sonars, underwater communication systems, and echo sounders. Elac Sonar was founded in 1926 and is based in Kiel, Germany.

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Buyer(S) 1

Buyer

Cohort

Reading, United Kingdom

Category Company
Founded 2006
Sector Aerospace
Employees1,400
Revenue 203M GBP (2024)
DESCRIPTION

Cohort is the parent company of four businesses operating in defense and related markets. It aims to add real value through the experience and contacts of its senior team while providing a light-touch but effective governance framework. Cohort was founded in 2006 and is based in Reading, England.


DEAL STATS #
Overall 5 of 6
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 J+S

Devon, United Kingdom

J+S Ltd independent engineering solutions and in-service support. Defence Above and below the waves.

Buy £12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 EM Solutions

Tennyson, Australia

EM Solutions is a developer of microwave and on-the-move radio and satellite products. EM Solutions is based in Tennyson, Australia.

Buy -

Seller(S) 1

SELLER

Wartsila

Helsinki, Finland

Category Company
Founded 1834
Sector Marine
Employees18,753
Revenue 6.4B EUR (2024)
DESCRIPTION
Wärtsilä's corporate headquarters in Helsinki.
Wärtsilä's corporate headquarters in Helsinki.

Wartsila is a provider of smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency, and data analytics, Wartsila maximises the environmental and economic performance of the vessels and power plants of its customers. Wartsila was established in 1834 and is based in Helsinki, Finland.


DEAL STATS #
Overall 3 of 7
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 3 of 7
Country: Germany M&A 1 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Wartsila - Pumps Business

Aalborg, Denmark

Wartsila's Pumps Business designs, manufactures, and markets niche pumps, primarily deep well and in-line pumps to the marine and oil & gas industries. Wartsila's Pumps Business is based in Aalborg, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-22 VIDELIO Funa

Emden, Germany

VIDELIO Funa is engaged in the field of design, fabrication, engineering, and integration of entertainment systems, illumination, light control, cabin control, broadcast and digital audio distribution, and announcement systems for cruise vessels and entertainment parks. VIDELIO Funa is based in Emden, Germany.

Sell -