M&A Deal Summary

Crane Acquires General Technologies

On November 25, 2002, Crane acquired electronics company General Technologies

Acquisition Highlights
  • This is Crane’s 1st transaction in the Electronics sector.
  • This is Crane’s 1st transaction in Canada.
  • This is Crane’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2002-11-25
Target General Technologies
Sector Electronics
Buyer(s) Crane
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

General Technologies

Delta, British Columbia, Canada
General Technology Corporation services include the assembly and testing of printed circuit boards, electromechanical devices, custom integrated systems, cables and wire harnesses.

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Buyer(S) 1

Buyer

Crane

Stamford, Connecticut, United States
Category Company
Founded 1855
Sector Machinery
Employees7,000
Revenue 2.1B USD (2023)
DESCRIPTION

Crane is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Crane was Incorporated in 1855 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 13 of 26
Sector (Electronics) 1 of 4
Type (Add-on Acquisition) 8 of 19
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 AeroHose

Lantana, Florida, United States

AeroHose,Inc. the aerospace hose assembly and end fitting component business. Company is a supplier of Teflon braided high pressure hose assemblies utilized in both commercial and military aircraft as well as ground support systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-17 CashCode

Concord, Ontario, Canada

CashCode Co. Inc. specializes in niche applications for banknote validation, storage and recycling devices for use in vending, gaming, retail and transportation applications.

Buy $86M
Mergr

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