M&A Deal Summary

General Dynamics Acquires Itronix

On August 2, 2005, General Dynamics acquired technology hardware company Itronix from Golden Gate Capital

Acquisition Highlights
  • This is General Dynamics’ 1st transaction in the Technology Hardware sector.
  • This is General Dynamics’ 11th transaction in the United States.
  • This is General Dynamics’ 1st transaction in Washington.

M&A Deal Summary
Date 2005-08-02
Target Itronix
Sector Technology Hardware
Buyer(s) General Dynamics
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition

Target

Itronix

Spokane Valley, Washington, United States
Itronix is a developer of wireless, rugged computing hardware and services for field technicians in the telecommunications, utility, public safety and insurance industries and government personnel. Itronix's product line of rugged laptops, handhelds and tablets are built to withstand weather, shock and stress. Itronix's customers include blue chip companies like Sears, BellSouth, Sprint and US government agencies including the FBI and U.S. armed services.

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Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States
Category Company
Founded 1899
Sector Defense
Employees100,000
Revenue 42.3B USD (2023)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Reston, Virginia.

DEAL STATS #
Overall 12 of 30
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 10 of 27
State (Washington) 1 of 1
Country (United States) 11 of 26
Year (2005) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-31 Maya Viz

Pittsburgh, Pennsylvania, United States

MAYA Viz Ltd. produces enhanced visualization and collaboration technologies that support real-time decision-making.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-15 Tadpole Computer

Cupertino, California, United States

Tadpole Computer, Inc. provides Unix-based mobile, secure and battlefield-tested computing platforms for mission-critical military, government and commercial operations.

Buy -

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 6 of 84
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 2 of 39
State (Washington) 1 of 4
Country (United States) 4 of 76
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-23 Cassidian Communications

Temecula, California, United States

Cassidian Communications, Inc. is a trusted source of mission critical communications solutions. Cassidian is a standards based NG9-1-1 call center applications, notification solutions and services, and P25 land mobile radio systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-26 Vistec Semiconductor Systems

Jena, Germany

Vistec Semiconductor Systems (formerly Leica Microsystems) is a leader in the design and manufacture of state-of-the-art quality control and defect analysis solutions and E-beam lithography systems for the semiconductor industry. Its technology is based on its heritage with Leica Microsystems and its core competencies in high-precision optics, mechanics, and software supported systems integration.

Buy -
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