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M&A Deal Summary

Meggitt Acquires Piezotech

On August 28, 2013, Meggitt acquired aerospace company Piezotech for 41M USD

Acquisition Highlights
  • This is Meggitt’s 4th transaction in the Aerospace sector.
  • This is Meggitt’s 5th largest (disclosed) transaction.
  • This is Meggitt’s 6th transaction in the United States.
  • This is Meggitt’s 1st transaction in Indiana.

M&A Deal Summary
Date 2013-08-28
Target Piezotech
Sector Aerospace
Buyer(s) Meggitt
Deal Type Add-on Acquisition
Deal Value 41M USD
Advisor(s) St. Charles Capital (Financial)

Target

Piezotech

Indianapolis, Indiana, United States
Piezotech LLC is an advanced ceramic devices producer, Piezo has evolved to become a leading manufacturer of piezoelectric devices and specialty transducers. Headquartered in Indianapolis, Indiana, with product development located in Broomfield, Colorado, Piezo supplies custom engineered products into large and growing end markets including oil and gas, medical ultrasound, non-destructive testing and fire and safety sectors.

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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 9 of 12
Sector: Aerospace M&A 4 of 6
Type: Add-on Acquisition M&A Deals 8 of 8
State: Indiana M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2013 M&A 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Joslyn Sunbank Co.

Paso Robles, California, United States

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

Sell $50M
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