M&A Deal Summary

ST Engineering Acquires Aethon

On July 17, 2017, ST Engineering acquired technology hardware company Aethon

Acquisition Highlights
  • This is ST Engineering’s 1st transaction in the Technology Hardware sector.
  • This is ST Engineering’s 2nd transaction in the United States.
  • This is ST Engineering’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-07-17
Target Aethon
Sector Technology Hardware
Buyer(s) ST Engineering
Deal Type Add-on Acquisition

Target

Aethon

Pittsburgh, Pennsylvania, United States
Aethon, Inc. is a designer and manufacturer of courier robots for hospitals for tracking and recovering goods, finding and delivering goods, depending on the hospital's specialized needs. Aethon, Inc. was founded in 2004 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

ST Engineering

Singapore, Singapore
Category Company
Founded 1967
Sector Manufacturing
Employees22,494
Revenue 10.1B SGD (2023)
DESCRIPTION

ST Engineering provides shipbuilding and ship repair, having successfully delivered numerous turnkey solutions for naval and commercial vessels, as well as high engineering content repair and conversion services, leveraging advanced technologies like 3D modelling and digitalisation to enhance operational efficiency and meet complex customer needs. ST Engineering was founded in 1967 and is based in Singapore.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-09 B.R. Lee Industries

Lincolnton, North Carolina, United States

B.R. Lee Industries, Inc was the number one original equipment manufacturer in the U.S. by unit volume for commercial class asphalt pavers and brooms. B.R. Lee also offered a one-stop comprehensive product offering, with approximately 65 different models of equipment for road construction and maintenance equipment and an extensive distribution network that covers all 50 U.S. states and 10 Canadian provinces.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Newtec

Sint-Niklaas, Belgium

Newtec is a technology provider in the satellite broadcast segment with unique ultra-high throughput capabilities and a strong presence in the European satcom market. It has a range of cost-effective consumer satellite terminals, and industry-leading bandwidth efficiency technology.

Buy €250M
Mergr

Product

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