M&A Deal Summary

L3Harris Acquires Audio Broadcast Group

On December 1, 1999, L3Harris acquired communications company Audio Broadcast Group

Acquisition Highlights
  • This is L3Harris’ 6th transaction in the Communications sector.
  • This is L3Harris’ 6th transaction in the United States.
  • This is L3Harris’ 1st transaction in Ohio.

M&A Deal Summary
Date 1999-12-01
Target Audio Broadcast Group
Sector Communications
Buyer(s) L3Harris
Deal Type Add-on Acquisition

Target

Audio Broadcast Group

Mason, Ohio, United States
Audio Broadcast Group, Inc. (ABG), a supplier of products and systems to the U.S. broadcast and recording markets.

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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 7 of 30
Sector (Communications) 6 of 11
Type (Add-on Acquisition) 7 of 24
State (Ohio) 1 of 1
Country (United States) 6 of 27
Year (1999) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-30 Louth Automation

Palo Alto, California, United States

Louth Automation, a supplier of advanced automation solutions for digital television (DTV), over-the-air broadcast, cable, and industrial applications. A media management and automation systems for broadcast and cable television with products that automate over 3,000 channels at broadcast and cable stations worldwide. Louth's automation protocols are considered the defacto industry standards.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-31 Wavtrace

Bellevue, Washington, United States

Wavtrace, Inc. develops and manufactures point-to-multipoint systems delivering high speed Internet and other data, video and voice services to businesses. Wavtrace was the first to develop a broadband point-to-multipoint system for millimeter wave based on TDD (time division duplexing) technology and has obtained patent protection for key features of its products.

Buy $134M
Mergr

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