M&A Deal Summary

CPI Acquires Codan Satcom

On May 30, 2012, CPI acquired electrical equipment company Codan Satcom from Codan for 9M USD

Acquisition Highlights
  • This is CPI’s 2nd transaction in the Electrical Equipment sector.
  • This is CPI’s largest (disclosed) transaction.
  • This is CPI’s 2nd transaction in the United States.
  • This is CPI’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2012-05-30
Target Codan Satcom
Sector Electrical Equipment
Buyer(s) CPI
Sellers(s) Codan
Deal Type Divestiture
Deal Value 9M USD

Target

Codan Satcom

Boalsburg, Pennsylvania, United States
Codan Satcom is a prominent supplier of solid-state RF subsystems for satellite communications services to commercial and government end users. Codan Satcom has operations in Newton, South Australia and Boalsburg, Pennsylvania.

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Buyer(S) 1

Buyer

CPI

Santa Rosa, California, United States

Category Company
Founded 1986
Sector Test/Measurement Equipment
DESCRIPTION

CPI is a direct marketer, designer and manufacturer of innovative OEM and end-user solutions in analytical science and technology. The company manufactures a range of technical analytical instrument components, high-purity standard solutions and reagents and other analytical testing products for the environmental, petrochemical, pharmaceutical, biotechnology and semiconductor industries. CPI’s worldwide customers include IBM, Intel, Pfizer, Merck, Bayer, US Filter, Safety Kleen, Chevron, Ashland Chemical, Dupont and BASF as well as numerous federal, state, academic and private laboratories. Direct sales and marketing are conducted worldwide, from offices in the United States, Canada, Europe and Japan.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-11 CPI

Palo Alto, California, United States

CPI is a designer and manufacturer of electronic components, subsystems and antenna systems for the communications, government, medical and scientific markets. CPI provides technology solutions used in the generation, transmission and reception of signals used in both commercial (broadband internet, in‐flight connectivity) and government (earth observation, satellite communications) applications. CPI was founded in 1995 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 CPI

Palo Alto, California, United States

CPI is a designer and manufacturer of electronic components, subsystems and antenna systems for the communications, government, medical and scientific markets. CPI provides technology solutions used in the generation, transmission and reception of signals used in both commercial (broadband internet, in‐flight connectivity) and government (earth observation, satellite communications) applications. CPI was founded in 1995 and is based in Palo Alto, California.

Sell -

Seller(S) 1

SELLER

Codan

Mawson Lakes, Australia

Category Company
Founded 1959
Sector Electrical Equipment
Employees450
Revenue 456M AUD (2023)
DESCRIPTION

Codan designs, manufactures and markets a diversified range of products and systems for the international high frequency radio, satellite and terrestrial microwave communications markets, and for the consumer and countermine metal detection markets. Codan was founded in 1959 and is based in Mawson Lakes, Australia.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-26 Codan Broadcast Products Pty

Adelaide, Australia

Codan Broadcast Products Pty Ltd. is a supplier of routers, interface products and audio monitors to the Australian and international broadcast markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-17 Daniels Electronics Limited

Victoria, British Columbia, Canada

Daniels Electronics Limited is a designer, manufacturer and supplier of land mobile radio communications (LMR) solutions in North America.

Buy CA$25M