M&A Deal Summary

L3Harris Acquires Aastra Digital Video

On May 23, 2006, L3Harris acquired communications company Aastra Digital Video from Aastra Technologies for 35M USD

Acquisition Highlights
  • This is L3Harris’ 7th transaction in the Communications sector.
  • This is L3Harris’ 12th largest (disclosed) transaction.
  • This is L3Harris’ 14th transaction in the United States.
  • This is L3Harris’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2006-05-23
Target Aastra Digital Video
Sector Communications
Buyer(s) L3Harris
Sellers(s) Aastra Technologies
Deal Type Divestiture
Deal Value 35M USD

Target

Aastra Digital Video

Bridgewater, New Jersey, United States
Aastra Digital Video develops and markets video networking, encoding, decoding, and multiplexing technologies used by television broadcasters, telecommunications providers and satellite networks. The heart of their product portfolio is the VideoRunner™ multi-service video networking system.

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Buyer(S) 1

Buyer

L3Harris

Melbourne, Florida, United States
Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.

DEAL STATS #
Overall 15 of 30
Sector (Communications) 7 of 11
Type (Divestiture) 1 of 4
State (New Jersey) 1 of 1
Country (United States) 14 of 27
Year (2006) 2 of 2
Size (of disclosed) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-17 Optimal Solutions

Lees Summit, Missouri, United States

Optimal Solutions, Inc. (OSi), a privately held provider of air-time sales, traffic and billing software systems to over 350 call-letter broadcast stations in North America. The scalability of OSi's Windows®-based platform is unmatched in the industry and can support a single call-letter station or scale to support the largest station groups and network/affiliate relationships with one software installation.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-15 Multimax

Herndon, Virginia, United States

Multimax, Inc., a provider of information technology and communications services for the U.S. government. Headquartered in Herndon, Virginia, Multimax has 1,100 employees located primarily at customer sites supporting a diverse portfolio of mission-critical, network infrastructure programs serving more than 800,000 users at over 3,800 locations in U.S. and overseas. A large portion of the workforce is technically certified and about 85 percent of the company's employees have government security clearances.

Buy $400M

Seller(S) 1

SELLER

Aastra Technologies

Concord, Ontario, Canada
Category Company
Founded 1983
Sector Technology Hardware
DESCRIPTION

Aastra Technologies Ltd. is a provider of communications equipment for the business sector.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Telepo

Stockholm, Sweden

Telepo Ltd offers carrier-grade, cloud-based, multi-tenant unified communication (UC) solutions.

Buy -
Mergr

Product

Company

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