Add-on Acquisition • Technology Hardware

Meggitt Acquires Ferroperm Piezoceramics

On January 1, 2008, Meggitt acquired technology hardware company Ferroperm Piezoceramics

Acquisition Context
  • This is Meggitt’s 1st transaction in the Technology Hardware sector.
  • This is Meggitt’s 1st transaction in Denmark.
Investment Fate
  • Ferroperm Piezoceramics was divested to a consortium of strategic buyers in 2022 for 525M DKK.

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M&A Deal Summary

Date January 1, 2008
Target Ferroperm Piezoceramics
Sector Technology Hardware
Buyer(s) Meggitt
Deal Type Add-on Acquisition

Target Company

Ferroperm Piezoceramics

Kvistgaard, Denmark
Ferroperm Piezoceramics specializes in piezoelectric ceramics under the Ferroperm™ brand which provides sensing, monitoring, power and motion systems. Ferroperm Piezoceramics is based in Kvistgaard, Denmark.
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Buyer Overview 1

Buyer

Meggitt

Coventry, United Kingdom

Category Company
Founded 1947
Sector Engineering
Revenue 1.6B GBP (2022)
DESCRIPTION

Meggitt provides engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets. Meggitt was founded in 1947 and is based in Coventry, the United Kingdom.


Deal Context for Buyer #
Overall 5 of 12
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 5 of 8
Country: Denmark 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-13 Keith Products

Addison, Texas, United States

Keith Products is a vapour cycle air conditioning systems providing cooling, heating and ventilation for fixed wing aircraft and helicopters. Keith Products has the largest product listing of Supplemental Type Certificates for air conditioning units in the world and is a major supplier to original equipment manufacturers such as Cessna, Learjet, Raytheon, Sikorsky and Eurocopter.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 Pacific Scientific Aerospace

Pacific Scientific specializes in supplying electric power, electric linear actuation, safety and security products to commercial (57% of sales) and military aerospace (43% of sales) customers. The business generated US$378 million in revenues and an operating profit of US$79 million in 2010. Meggitt expects the acquisition to be immediately earnings enhancing.

Buy $685M