M&A Deal Summary

Cray Acquires Appro International

On November 9, 2012, Cray acquired technology hardware company Appro International for 25M USD

Acquisition Highlights
  • This is Cray’s 2nd transaction in the Technology Hardware sector.
  • This is Cray’s 2nd largest (disclosed) transaction.
  • This is Cray’s 1st transaction in the United States.
  • This is Cray’s 1st transaction in Washington.

M&A Deal Summary
Date 2012-11-09
Target Appro International
Sector Technology Hardware
Buyer(s) Cray
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Appro International

Seattle, Washington, United States
Appro International, Inc. designs and provides supercomputing solutions.

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Buyer(S) 1

Buyer

Cray

Seattle, Washington, United States
Category Company
Founded 1987
Sector Technology Hardware
Employees1,282
Revenue 456M USD (2018)
DESCRIPTION
Cray's corporate headquarters in downtown Seattle, Washington.
Cray's corporate headquarters in downtown Seattle, Washington.

Cray, Inc. is a designer, developer, manufacturer, marketer and servicer of supercomputers and storage systems. Cray also provides software, system maintenance, and support services and engineering services related to supercomputer systems. Cray's customers include domestic and foreign government and government-funded entities, academic institutions and commercial entities. Cray, Inc. was formed in 1987 and is based in Seattle, Washington.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-25 OctigaBay Systems

Kanata, Ontario, Canada

OctigaBay Systems Corp. develops an innovative high performance computing system designed to make supercomputing performance available at a reduced price.

Buy $115M
Mergr

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