M&A Deal Summary

RTX Acquires Ambac Industries

On March 3, 1978, RTX acquired manufacturer Ambac Industries for 210M USD

Acquisition Highlights
  • This is RTX’s 1st transaction in the Manufacturing sector.
  • This is RTX’s 10th largest (disclosed) transaction.
  • This is RTX’s 2nd transaction in the United States.
  • This is RTX’s 1st transaction in South Carolina.

M&A Deal Summary

Date 1978-03-03
Target Ambac Industries
Sector Manufacturing
Buyer(s) RTX
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

Ambac Industries

South Carolina, United States
Ambac is a manufacturer of diesel fuel‐injection, systems, small motors for the auto industry amongst a variety of other medical, industrial and scientific instruments.

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Buyer(S) 1

Buyer

RTX

Arlington, Virginia, United States

Category Company
Founded 1934
Sector Diversified
Employees185,000
Revenue 68.9B USD (2023)
DESCRIPTION

RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.


DEAL STATS #
Overall 2 of 21
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 17
State (South Carolina) 1 of 1
Country (United States) 2 of 18
Year (1978) 1 of 1
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1976-01-01 OTIS

Farmington, Connecticut, United States

OTIS is a manufacturer and maintainer of people moving products, including elevators, escalators, and moving walkways. OTIS was formed in 1853 and is based in Farmington, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1979-01-01 Mostek

United States

Mostek, an integrated circuit manufacturer, founded in 1969.

Buy $345M