M&A Deal Summary

Elbit Systems Acquires BAE Systems Rokar International

On April 1, 2021, Elbit Systems acquired technology hardware company BAE Systems Rokar International from BAE System for 31M USD

Acquisition Highlights
  • This is Elbit Systems’ 1st transaction in the Technology Hardware sector.
  • This is Elbit Systems’ 2nd largest (disclosed) transaction.
  • This is Elbit Systems’ 2nd transaction in Israel.

M&A Deal Summary

Date 2021-04-01
Target BAE Systems Rokar International
Sector Technology Hardware
Buyer(s) Elbit Systems
Sellers(s) BAE System
Deal Type Divestiture
Deal Value 31M USD

Target

BAE Systems Rokar International

Haifa, Israel
BAE Systems Rokar International specializes in the development, manufacture, integration, and support of high-end GPS receivers and guidance systems for advanced defense applications. BAE Systems Rokar International was founded in 1981 and is based in Haifa, Israel.

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Buyer(S) 1

Buyer

Elbit Systems

Haifa, Israel

Category Company
Founded 1966
Sector Electronics
Employees19,000
Revenue 6.8B USD (2024)
DESCRIPTION

Elbit Systems is a defense electronics company, engages in the design, development, manufacture, and integration of defense electronic systems and products worldwide. Elbit Systems was founded in 1966 and is headquartered in Haifa, Israel.


DEAL STATS #
Overall 6 of 6
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
Country: Israel M&A 2 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-05 L3 Harris Technologies - Harris Night Vision

Roanoke, Virginia, United States

L3 Harris Technologies, Inc. - Harris Night Vision is a premier developer, producer and supplier of night vision technology for the U.S. and allied military and security forces and for the federal homeland security market.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Ashot Ashkelon Industries

Ashkelon, Israel

Ashot Ashkelon manufactures and sells aerospace and defense systems and components. Ashot Ashkelon Industries products include engine shafts and rotating parts, high-lift system components such as universal joints, transmissions, gearboxes, lever bearing arms, and rotary actuation shafts, landing gear components for turboprop and business jets, electro-mechanical assemblies, gear-based products and tungsten components used to balance weights in aircraft wings, fuselage, stabilizers, rotors, propellers, and aerospace instruments. Ashot Ashkelon Industries was founded in 1970 and is based in Ashkelon, Israel.

Sell -

Seller(S) 1

SELLER

BAE System

Camberley, United Kingdom

Category Company
Founded 1970
Sector Defense
Employees107,400
Revenue 26.3B GBP (2024)
DESCRIPTION
BAE office in Reston, Virginia.
BAE office in Reston, Virginia.

BAE Systems is a provider of defense and security products and services. From sophisticated cyber services and military support, to mission critical electronic systems and protection equipment, BAE aims to be at the forefront of defense technology and science. BAE Systems was founded in 1970 and is headquartered in Camberley, England.


DEAL STATS #
Overall 6 of 7
Sector: Technology Hardware M&A 2 of 2
Type: Divestiture M&A Deals 6 of 7
Country: Israel M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Pulse Power and Measurement

Wiltshire, United Kingdom

Pulse Power and Measurement Ltd. is design and manufacture of a wide range of radio frequency (RF) over fibre systems, which allow radio frequency signals to be transmitted over fibre optic cables. Pulse Power and Measurement is based in Wiltshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 In-Space Missions

Alton, United Kingdom

In-Space Missions designs, builds, and operates bespoke physical and uploadable customer missions, providing a valuable service to customers keen to get their technology on orbit quickly. The company's experienced staff work with a new space approach which enables a significant reduction in traditional timescales to get technology on orbit. It offers either a dedicated customer satellite approach or hosted payload service “Faraday” which offers new or established businesses low-cost opportunities to roll out and demonstrate new applications and technologies from space against a very short timescale. In-Space Missions was formed in 2015 and is based in Alton, United Kingdom.

Buy -