M&A Deal Summary

L3Harris Acquires Louth Automation

On November 30, 1999, L3Harris acquired communications company Louth Automation for 85M USD

Acquisition Highlights
  • This is L3Harris’ 5th transaction in the Communications sector.
  • This is L3Harris’ 10th largest (disclosed) transaction.
  • This is L3Harris’ 5th transaction in the United States.
  • This is L3Harris’ 2nd transaction in California.

M&A Deal Summary
Date 1999-11-30
Target Louth Automation
Sector Communications
Buyer(s) L3Harris
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

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.

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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 6 of 30
Sector (Communications) 5 of 11
Type (Add-on Acquisition) 6 of 24
State (California) 2 of 5
Country (United States) 5 of 27
Year (1999) 3 of 4
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-25 Harris Corp - TV Antenna Business

United States

Harris Corp - TV Antenna Business is a largest manufacturer of TV and FM broadcast antennas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 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.

Buy -
Mergr

Product

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