M&A Deal Summary

McDATA Acquires Inrange Technologies

On January 31, 2004, McDATA acquired technology hardware company Inrange Technologies from SPX Technologies for 190M USD

Acquisition Highlights
  • This is McDATA’s 3rd transaction in the Technology Hardware sector.
  • This is McDATA’s 2nd largest (disclosed) transaction.
  • This is McDATA’s 3rd transaction in the United States.
  • This is McDATA’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2004-01-31
Target Inrange Technologies
Sector Technology Hardware
Buyer(s) McDATA
Sellers(s) SPX Technologies
Deal Type Divestiture
Deal Value 190M USD

Target

Inrange Technologies

Lumberton, New Jersey, United States
INRANGE Technologies designs, manufactures, markets and services networking and switching products for storage, data and telecommunications networks.

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Buyer(S) 1

Buyer

McDATA

Broomfield, Colorado, United States
Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

McDATA is a provider of data access solutions, helping customers build, globally connect, optimize and centrally manage data infrastructures across SAN, MAN and WAN environments.

DEAL STATS #
Overall 3 of 4
Sector (Technology Hardware) 3 of 4
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 3 of 4
Year (2004) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-25 Nishan Systems

San Jose, California, United States

Nishan Systems is a supplier of native IP storage networking solutions.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-19 Computer Network Technology

Minneapolis, Minnesota, United States

Computer Network Technology Corp. is a provider of storage networking systems.

Buy $235M

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States
Category Company
Founded 1912
Sector Machinery
Employees4,100
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 7 of 23
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 7 of 23
State (New Jersey) 1 of 1
Country (United States) 6 of 17
Year (2004) 1 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-28 Stock Equipment

Chagrin Falls, Ohio, United States

Stock Equipment is a designer, manufacture and sale of highly engineered bulk material handling systems and electronic controls for coal-fired power plants and other process industries. It has the most extensive bulk material handling product offering in the industry with its portfolio of products including feeding systems, chain conveyors, specialty valves, electronic controls and other accessory products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-15 Edwards Systems Technology

Cheshire, Connecticut, United States

Edwards Systems Technology is a provider of fire detection systems within buildings.

Sell $1.4B
Mergr

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