M&A Deal Summary

Garmin International Acquires UPS Aviation Technologies

On July 24, 2003, Garmin International acquired electronics company UPS Aviation Technologies from UPS for 38M USD

Acquisition Highlights
  • This is Garmin International’s 1st transaction in the Electronics sector.
  • This is Garmin International’s largest (disclosed) transaction.
  • This is Garmin International’s 1st transaction in the United States.
  • This is Garmin International’s 1st transaction in Oregon.

M&A Deal Summary
Date 2003-07-24
Target UPS Aviation Technologies
Sector Electronics
Buyer(s) Garmin International
Sellers(s) UPS
Deal Type Divestiture
Deal Value 38M USD

Target

UPS Aviation Technologies

Salem, Oregon, United States
UPS Aviation Technologies, Inc., headquartered in Salem, Oregon, designs and manufactures multiple lines of communications, navigation and surveillance products for general aviation and air transport customers.

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Buyer(S) 1

Buyer

Garmin International

Olathe, Kansas, United States
Category Company
Founded 1989
Sector Electronics
DESCRIPTION

Garmin International, Inc., headquartered in Olathe, Kansas is a supplier of navigation, communication, surveillance and audio systems for new and retrofit general aviation aircraft. Garmin is developing the G1000 integrated cockpit system, a revolutionary cockpit system that fully integrates aircraft attitude, navigation, communication, surveillance, flight controls and large-screen color displays for general aviation aircraft.

DEAL STATS #
Overall 1 of 4
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 2
Country (United States) 1 of 4
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 PulsedLight

Bend, Oregon, United States

PulsedLight, Inc. is a designer and manufacturer of optical distance measurement technology.

Buy -

Seller(S) 1

SELLER

UPS

Atlanta, Georgia, United States
Category Company
Founded 1907
Sector Transportation
Employees500,000
Revenue 91.0B USD (2023)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider of logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS serves more than 220 countries and territories worldwide. UPS was founded in 1907 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 5
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 5
State (Oregon) 1 of 1
Country (United States) 1 of 5
Year (2003) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-05 Mail Boxes Etc.

Chipping Norton, United Kingdom

Mail Boxes Etc., is a provider of worldwide express package delivery, mailbox rental, full litho print and digital copy services and more besides, - all under one roof.

Buy $191M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 Menlo Worldwide Forwarding

Redwood City, California, United States

Menlo Worldwide Forwarding is a global freight forwarder present in 175 countries providing a range of heavy air freight forwarding services, ocean services and international trade management, including customs brokerage. It had US$2.2bn in gross revenues in 2004. It provides time-definite domestic and international air freight and ocean forwarding services, customs brokerage, and other trade services.

Buy $260M
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