M&A Deal Summary

L-3 Communications Acquires Implant Sciences - Explosives Trace Detection Assets

On October 10, 2016, L-3 Communications acquired technology hardware company Implant Sciences - Explosives Trace Detection Assets from Implant Sciences for 118M USD

Acquisition Highlights
  • This is L-3 Communications’ 6th transaction in the Technology Hardware sector.
  • This is L-3 Communications’ 10th largest (disclosed) transaction.
  • This is L-3 Communications’ 30th transaction in the United States.
  • This is L-3 Communications’ 5th transaction in Massachusetts.

M&A Deal Summary
Date 2016-10-10
Target Implant Sciences - Explosives Trace Detection Assets
Sector Technology Hardware
Buyer(s) L-3 Communications
Sellers(s) Implant Sciences
Deal Type Divestiture
Deal Value 118M USD

Target

Implant Sciences - Explosives Trace Detection Assets

Wilmington, Massachusetts, United States
Implant Sciences Corp. - Explosives Trace Detection Assets includes worldwide rights to the QS-B220 desktop and the QS-H150 handheld ETD systems as well as all other product and technology assets of Implant Sciences.

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Buyer(S) 1

Buyer

L-3 Communications

New York, New York, United States
Category Company
Founded 1997
Sector Technology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.

DEAL STATS #
Overall 38 of 45
Sector (Technology Hardware) 6 of 7
Type (Divestiture) 8 of 8
State (Massachusetts) 5 of 7
Country (United States) 30 of 36
Year (2016) 5 of 6
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 Implant Sciences

Wilmington, Massachusetts, United States

Implant Sciences Corp. designs, manufactures, and sells explosives trace detection (ETD) and drugs trace detection solutions for multiple security applications including aviation, transportation, customs, air cargo, critical infrastructure protection, ports and borders, force protection, public safety, and emergency responders.

Buy $118M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-22 MacDonald Humfrey

Luton, United Kingdom

MacDonald Humfrey (Automation) Ltd. is a provider of operationally effective and efficient aviation checkpoint security solutions, as well as in the development of state-of-the-art process automation and collaborative robotic capabilities supporting aviation and other adjacent markets.

Buy £224M

Seller(S) 1

SELLER

Implant Sciences

Wilmington, Massachusetts, United States
Category Company
Founded 1984
Sector Test/Measurement Equipment
Employees75
Revenue 13M USD (2015)
DESCRIPTION

Implant Sciences Corp. designs, manufactures, and sells explosives trace detection (ETD) and drugs trace detection solutions for multiple security applications including aviation, transportation, customs, air cargo, critical infrastructure protection, ports and borders, force protection, public safety, and emergency responders.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Zapata Industries SAS

Le Rove, France

Zapata Industries SAS engages in developing and manufacturing single user hydro-and jet-powered technologies and products. Zapata's proprietary methodology, algorithms, and patented designs are currently commercialized and in development within recreation, entertainment, military, medical, and industrial sectors.

Buy -
Mergr

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