M&A Deal Summary

Esterline Technologies Acquires Wallop Defence Systems

On March 27, 2006, Esterline Technologies acquired defense company Wallop Defence Systems from Cobham for 59M USD

Acquisition Highlights
  • This is Esterline Technologies’ 1st transaction in the Defense sector.
  • This is Esterline Technologies’ 8th largest (disclosed) transaction.
  • This is Esterline Technologies’ 4th transaction in the United States.
  • This is Esterline Technologies’ 1st transaction in Washington.

M&A Deal Summary
Date 2006-03-27
Target Wallop Defence Systems
Sector Defense
Buyer(s) Esterline Technologies
Sellers(s) Cobham
Deal Type Divestiture
Deal Value 59M USD

Target

Wallop Defence Systems

Bellevue, Washington, United States
Wallop Defence Systems Ltd., is a manufacturer of wide range of pyrotechnic products for armed forces around the world.

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Buyer(S) 1

Buyer

Esterline Technologies

Bellevue, Washington, United States
Category Company
Founded 1967
Sector Aerospace
Employees13,290
Revenue 2.0B USD (2017)
DESCRIPTION

Esterline Technologies Corp. is a specialized manufacturing company serving principally aerospace and defense markets. Esterline management views the company’s businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials.

DEAL STATS #
Overall 5 of 12
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 2
State (Washington) 1 of 1
Country (United States) 4 of 7
Year (2006) 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-16 Darchem Holdings

Gloucester, United Kingdom

Darchem Holdings Ltd., is a manufacture of thermally engineered components for critical aerospace and defense applications. Typical components include lightweight thermal insulation for jet exhaust ducting, nacelle and thrust reverser units, environmental control ducting and heat shields.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 CMC Electronics

Burnaby, British Columbia, Canada

CMC Electronics, Inc., is engaged primarily in the design, development, manufacture, sale and support of high-technology electronic products and systems for the aerospace, communications, and electronic components markets for military and commercial customers.

Buy $392M

Seller(S) 1

SELLER

Cobham

Dorset, United Kingdom
Category Company
Founded 1934
Sector Defense
Revenue 1.9B GBP (2018)
DESCRIPTION

Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Dorset, United Kingdom.

DEAL STATS #
Overall 2 of 11
Sector (Defense) 1 of 3
Type (Divestiture) 2 of 11
State (Washington) 1 of 1
Country (United States) 1 of 4
Year (2006) 1 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Cobham - Aerospace Fluid & Air Division

Wimborne, United Kingdom

Cobham - Aerospace Fluid & Air Division is a provider of low-pressure airframe fuel systems, electro-mechanical actuation, air ducting and hydraulic and power generation.

Sell $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-27 Draeger Aerospace

Lubeck, Germany

Draeger Aerospace GmbH, is a supplier of components and integrated systems to supply oxygen systems for both civil and military aircraft. In the civil market, Draeger has well-established strengths in both chemical and gaseous oxygen systems.

Sell $80M
Mergr

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