M&A Deal Summary

L-3 Communications Acquires OceanServer Technology

On March 17, 2017, L-3 Communications acquired technology hardware company OceanServer Technology

Acquisition Highlights
  • This is L-3 Communications’ 7th transaction in the Technology Hardware sector.
  • This is L-3 Communications’ 31st transaction in the United States.
  • This is L-3 Communications’ 6th transaction in Massachusetts.

M&A Deal Summary
Date 2017-03-17
Target OceanServer Technology
Sector Technology Hardware
Buyer(s) L-3 Communications
Deal Type Add-on Acquisition

Target

OceanServer Technology

Fall River, Massachusetts, United States
OceanServer Technology, Inc. is a developer and manufacturer of autonomous, lightweight Unmanned Undersea Vehicles (UUVs). OceanServer Technology has established itself within a growing specialized market, providing highly capable UUVs to a wide array of military, commercial and international customers. OceanServer Technology was formed in 2003 and is based in Fall River, Massachusetts.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 40 of 45
Sector (Technology Hardware) 7 of 7
Type (Add-on Acquisition) 32 of 37
State (Massachusetts) 6 of 7
Country (United States) 31 of 36
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Coleman Aerospace

Orlando, Florida, United States

Coleman Aerospace is a provider of systems engineering, ground, space and air launch services for the aerospace industry.

Sell $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Open Water Power

Somerville, Massachusetts, United States

Open Water Power, Inc. is a developer of safe and high-energy-density undersea power generation technologies for use by Unmanned Undersea Vehicles (UUVs) and other maritime platforms. Its breakthrough technology enables safe power generation solutions for UUVs and results in significant safety and endurance improvements over current technologies.

Buy -
Mergr

Product

Company

Legal