M&A Deal Summary

Shenzhen Sunway Communication Acquires Laird Technologies Co.

On March 12, 2012, Shenzhen Sunway Communication acquired technology hardware company Laird Technologies Co. from TTS for 198M CNY

Acquisition Highlights
  • This is Shenzhen Sunway Communication’s 1st transaction in the Technology Hardware sector.
  • This is Shenzhen Sunway Communication’s largest (disclosed) transaction.
  • This is Shenzhen Sunway Communication’s 1st transaction in China.

M&A Deal Summary

Date 2012-03-12
Target Laird Technologies Co.
Sector Technology Hardware
Buyer(s) Shenzhen Sunway Communication
Sellers(s) TTS
Deal Type Divestiture
Deal Value 198M CNY

Target

Laird Technologies Co.

Beijing, China
Laird Technologies (Beijing) Co., Ltd. manufactures antennae products. The company was founded in 2001 and is based in Beijing, China.

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Buyer(S) 1

Buyer

Shenzhen Sunway Communication

Shenzhen, China

Category Company
Founded 2006
Sector Technology Hardware
Employees13,600
Revenue 8.7B CNY (2024)
DESCRIPTION

Shenzhen Sunway Communication is a provider of RF parts and assemblies in the communication industry, focusing on R&D, manufacturing, sales & marketing of the mobile terminal antennas and related modules, acoustic modules and connectors with high electromagnetic compatibility. Sunway has been collaborating with several world-class enterprises to develop products, and established strategic cooperation relationship with them. Company products mainly apply to consumer electronic fields like smartphone/ tablet PC, smart wearable devices, smart home/ IoT and smart automobiles, and primarily expand the supporting capability towards industry, automobile and military fields. Shenzhen Sunway Communication was founded in 2006 and is based in Shenzhen, China.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

TTS

Rosenheim, Germany

Category Company
Sector Manufacturing
Revenue 630M GBP (2015)
DESCRIPTION

TTS designs and manufactures high-performance, mission-critical active thermal management solutions, primarily for medical and life sciences end markets. TTS is based in Rosenheim, Germany.


DEAL STATS #
Overall 2 of 4
Sector: Technology Hardware M&A 2 of 3
Type: Divestiture M&A Deals 2 of 4
Country: China M&A 1 of 2
Year: 2012 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 Emerson & Cuming Microwave Products

Randolph, Massachusetts, United States

Emerson & Cuming Microwave Products, Inc. engages in development and manufacture of microwave absorbing materials, low-loss dielectrics (used as insulation within printed circuit boards) and electrically conductive shielding materials for military and aerospace, automotive, electronics, RFID and medical markets.

Buy €23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 Model Solutions Co.

Seoul, South Korea

Model Solution is a South Korean company specialising in designing and manufacturing prototypes with expertise in injection moulding, finishing, UV coating and 3D printing and other prototyping competencies. Its customer base operates across a range of markets including mobile communications/computing, other consumer electronics, audiovisual products and medical devices.

Buy -