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M&A Deal Summary

Cyclone Power Technologies Acquires R Technologies

On July 3, 2007, Cyclone Power Technologies acquired information technology company R Technologies from Coastal Technologies

Acquisition Highlights
  • This is Cyclone Power Technologies’ 1st transaction in the Information Technology sector.
  • This is Cyclone Power Technologies’ 1st transaction in the United States.
  • This is Cyclone Power Technologies’ 1st transaction in Ohio.

M&A Deal Summary
Date 2007-07-03
Target R Technologies
Sector Information Technology
Buyer(s) Cyclone Power Technologies
Sellers(s) Coastal Technologies
Deal Type Divestiture

Target

R Technologies

Ohio, United States
R Technologies Ltd. is a provider of IT services to the Healthcare, Financial, Retail, Manufacturing, Insurance and Educational Industries while Coastal provides outsourced IT services to the Healthcare industry.

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Buyer(S) 1

Buyer

Cyclone Power Technologies

Pompano Beach, Florida, United States
Category Company
Founded 2004
Sector Electrical Equipment
Employees15
Revenue 715M USD (2013)
DESCRIPTION

Cyclone Power Technologies, Inc. is a developer of Cyclone Engine - an all fuel, eco-friendly thermal engine with the power and versatility to run everything from power generators fueled by biomass, waste fuels, solar thermal or engine exhaust, to cars, trucks and locomotives.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Coastal Technologies

United States
Category Company
Sector Information Technology
DESCRIPTION

Coastal Technologies, Inc. is a full service Information Technology (IT) consulting firm and custom software developer.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 ASP - Ohio Facility

Ohio, United States

ASP - Ohio Facility is a provides a off site storage and data back-up for file server customers.

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