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M&A Deal Summary

ITW Acquires Opto Diode

On October 22, 2008, ITW acquired electronics company Opto Diode

Acquisition Highlights
  • This is ITW’s 3rd transaction in the Electronics sector.
  • This is ITW’s 25th transaction in the United States.
  • This is ITW’s 2nd transaction in California.

M&A Deal Summary
Date 2008-10-22
Target Opto Diode
Sector Electronics
Buyer(s) ITW
Deal Type Add-on Acquisition

Target

Opto Diode

Newbury Park, California, United States
Opto Diode Corp. designs and manufactures high quality standard and custom silicon (Si) photodiodes, LEDs, IR LEDs, and LED arrays, Ultraviolet (UV)/Extreme UV/Absolute X-Ray photodetectors, opto-electronic assemblies, and custom solutions for a variety of industrial, biomedical, scientific, and military/aerospace applications.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 34 of 48
Sector: Electronics M&A 3 of 3
Type: Add-on Acquisition M&A Deals 31 of 41
State: California M&A 2 of 2
Country: United States M&A 25 of 31
Year: 2008 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-26 Avery Weigh-Tronix

Fairmont, Minnesota, United States

Avery Weigh-Tronix LLC, a supplier of scales, weighing equipment and solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-08 Click Commerce Research and Healthcare Solutions

Portland,, Oregon, United States

Click Commerce RHS is a provider of automated research administration and compliance software solutions to leading academic medical centers and research institutions in North America.

Sell -
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