M&A Deal Summary

ITT Acquires Kaman Sciences

On November 14, 1997, ITT acquired information technology company Kaman Sciences from Kaman for 135M USD

Acquisition Highlights
  • This is ITT’s 1st transaction in the Information Technology sector.
  • This is ITT’s 8th largest (disclosed) transaction.
  • This is ITT’s 2nd transaction in the United States.
  • This is ITT’s 1st transaction in Colorado.

M&A Deal Summary
Date 1997-11-14
Target Kaman Sciences
Sector Information Technology
Buyer(s) ITT
Sellers(s) Kaman
Deal Type Divestiture
Deal Value 135M USD

Target

Kaman Sciences

Colorado Springs, Colorado, United States
Kaman Sciences Corporation is a high-technology services company serving a broad range of government agencies.

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Buyer(S) 1

Buyer

ITT

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Machinery
Employees10,600
Revenue 3.3B USD (2023)
DESCRIPTION

ITT is a manufacturer of engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace, and transportation. ITT was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 4 of 37
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 12
State (Colorado) 1 of 1
Country (United States) 2 of 21
Year (1997) 3 of 3
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-16 Tecnicas de Filtracion y Bombeo S.A.

Spain

Tecnicas de Filtracion y Bombeo, S.A. is a producer of submersible pump technology in Spain. TFB is represented through 29 sales and service centers throughout the country and reported 1996 revenues of approximately $20 million.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-11 Rule Industries

Burlington, Massachusetts, United States

Rule Industries, Inc. is a manufacturer of marine products, including such industry standards as the Rule submersible pump and Danforth anchors and compasses.

Buy -

Seller(S) 1

SELLER

Kaman

Bloomfield, Connecticut, United States
Category Company
Founded 1945
Sector Aerospace
Revenue 688M USD (2022)
DESCRIPTION

Kaman conducts business in the aerospace & defense, industrial, and medical markets. The company produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs, and contacts; wheels, brakes, and related hydraulic components for helicopters, fixed-wing, and UAV aircraft; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification, and support of its SH-2G Super Seasprite maritime helicopters; support of its heavy lift K-MAX manned helicopter; and development of the KARGO UAV unmanned aerial system, a purpose-built autonomous medium lift logistics vehicle. Kaman was formed in 1945 and is based in Bloomfield, Connecticut.

DEAL STATS #
Overall 1 of 4
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 4
State (Colorado) 1 of 1
Country (United States) 1 of 3
Year (1997) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-21 Plastic Fabricating

Wichita, Kansas, United States

Plastic Fabricating Company, Inc. is a top-tier supplier of custom engineered composites, advanced plastic components and complex assemblies, utilized in aerospace and defense applications.

Buy -
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