M&A Deal Summary

L3Harris Acquires Wavtrace

On July 31, 2000, L3Harris acquired technology hardware company Wavtrace for 134M USD

Acquisition Highlights
  • This is L3Harris’ 2nd transaction in the Technology Hardware sector.
  • This is L3Harris’ 9th largest (disclosed) transaction.
  • This is L3Harris’ 7th transaction in the United States.
  • This is L3Harris’ 1st transaction in Washington.

M&A Deal Summary
Date 2000-07-31
Target Wavtrace
Sector Technology Hardware
Buyer(s) L3Harris
Deal Type Add-on Acquisition
Deal Value 134M USD

Target

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.

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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 8 of 30
Sector (Technology Hardware) 2 of 4
Type (Add-on Acquisition) 8 of 24
State (Washington) 1 of 1
Country (United States) 7 of 27
Year (2000) 1 of 1
Size (of disclosed) 9 of 15
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-18 Exigent International

Melbourne, Florida, United States

Exigent has primary engineering and service centers in Melbourne and the Washington, D.C. area, with smaller centers located in Colorado and North Carolina. Exigent operates through three subsidiaries: Exigent Software Technology, Inc., Exigent Digital Telecom and Wireless Networks, and Exigent Solutions Group.

Buy $23M
Mergr

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