M&A Deal Summary

Meggitt Acquires Pacific Scientific Aerospace

On January 18, 2011, Meggitt acquired electrical equipment company Pacific Scientific Aerospace from Danaher for 685M USD

Acquisition Highlights
  • This is Meggitt’s 1st transaction in the Electrical Equipment sector.
  • This is Meggitt’s largest (disclosed) transaction.

M&A Deal Summary
Date 2011-01-18
Target Pacific Scientific Aerospace
Sector Electrical Equipment
Buyer(s) Meggitt
Sellers(s) Danaher
Deal Type Divestiture
Deal Value 685M USD

Target

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.

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Buyer(S) 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 STATS #
Overall 7 of 12
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 4
Country () 1 of 1
Year (2011) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 Joslyn Sunbank

Paso Robles, California, United States

Sunbank is a supplier of connector accessories, backshells, and conduit systems for aerospace and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 Precision Micro

Birmingham, United Kingdom

Precision Micro is a photochemical etching company supplying precision-etched metal components to exacting specifications. Precision Micro was established in 1983 and is based in Birmingham, United Kingdom.

Buy -

Seller(S) 1

SELLER

Danaher

Washington, District of Columbia, United States
Category Company
Founded 1969
Sector Diversified
Employees79,000
Revenue 23.9B USD (2023)
DESCRIPTION

Danaher designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher's research and development, manufacturing, sales, distribution, service and administrative facilities are located in more than 50 countries. Danaher's business consists of five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental; and Industrial Technologies. Danaher was incorporated in 1969 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 3 of 9
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 2 of 6
Country () 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Molecular Devices

Sunnyvale, California, United States

Molecular Devices LLC provides bioanalytical instruments, software, and assay kits for drug discovery & drug development, life science research, and bioassay/test development. Our global headquarters are located in the Silicon Valley area of Northern California. We also have a number of offices throughout the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 Esko-Graphics bvba

Gent, Belgium

Esko-Graphics bvba is a full service solutions provider for the digital packaging design and production market. Esko focuses on smart software tools and hardware for the packaging and labels, printing and publishing industries.

Buy $470M
Mergr

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