M&A Deal Summary

Kitron Acquires API Defense USA

On November 30, 2018, Kitron acquired electrical equipment company API Defense USA from Spectrum Control

Acquisition Highlights
  • This is Kitron’s 1st transaction in the Electrical Equipment sector.
  • This is Kitron’s 1st transaction in the United States.
  • This is Kitron’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-11-30
Target API Defense USA
Sector Electrical Equipment
Buyer(s) Kitron
Sellers(s) Spectrum Control
Deal Type Divestiture

Target

API Defense USA

Windber, Pennsylvania, United States
API Defense USA, Inc. is a manufacturer, testing, and repair services of electronic components and assemblies for original equipment manufacturers (OEMs) and serves customers in the United States.

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Buyer(S) 1

Buyer

Kitron

Johnstown, Pennsylvania, United States
Category Company
Founded 2010
Sector Electrical Equipment
DESCRIPTION

Kitron, Inc. is an electronics manufacturing services company. Kitron was founded in 2010 and is based in Johnstown, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Spectrum Control

Fairview, Pennsylvania, United States
Category Company
Founded 1993
Sector Electrical Equipment
Employees1,862
Revenue 226M USD (2014)
DESCRIPTION

Spectrum Control is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. Spectrum Control provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. Spectrum Control was founded in 1993 and is headquartered in Fairview, Pennsylvania.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-23 Aeroflex/Inmet

Ann Arbor, Michigan, United States

Aeroflex/Inmet, Inc. is a manufactures of transceivers, data buses, analog multiplexers, clock generators.

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