M&A Deal Summary

Crane Acquires Merrimac Industries

On December 23, 2009, Crane acquired electronics company Merrimac Industries for 52M USD

Acquisition Highlights
  • This is Crane’s 3rd transaction in the Electronics sector.
  • This is Crane’s 10th largest (disclosed) transaction.
  • This is Crane’s 14th transaction in the United States.
  • This is Crane’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2009-12-23
Target Merrimac Industries
Sector Electronics
Buyer(s) Crane
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

Merrimac Industries

West Caldwell, New Jersey, United States
Merrimac Industries, Inc. is a designer and manufacturer of RF Microwave signal processing components, subsystem assemblies, and Multi-Mix® micro-multifunction modules (MMFM®), for the worldwide Defense, Satellite Communications (Satcom), Commercial Wireless and Homeland Security market segments.

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Buyer(S) 1

Buyer

Crane

Stamford, Connecticut, United States

Category Company
Founded 1855
Sector Machinery
Employees7,300
Revenue 2.1B USD (2024)
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 19 of 27
Sector: Electronics M&A 3 of 4
Type: Add-on Acquisition M&A Deals 13 of 19
State: New Jersey M&A 1 of 2
Country: United States M&A 14 of 19
Year: 2009 M&A 1 of 1
Size (of disclosed) 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-17 Friedrich Krombach Armaturenwerke

Kreuztal-Kredenbach, Germany

Krombach is a manufacturer of specialty valve flow solutions for the power, oil and gas, and chemical markets.

Buy $69M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 Money Controls

United Kingdom

Money Controls is a producer of a broad range of payment systems and associated products for the gaming, amusement, transportation, and retail markets.

Buy -