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M&A Deal Summary

TTS Acquires Summit Data Communications

On March 2, 2012, TTS acquired technology hardware company Summit Data Communications for 22M USD

Acquisition Highlights
  • This is TTS’s 5th transaction in the Technology Hardware sector.
  • This is TTS’s 6th largest (disclosed) transaction.
  • This is TTS’s 4th transaction in the United States.
  • This is TTS’s 1st transaction in Ohio.

M&A Deal Summary
Date 2012-03-02
Target Summit Data Communications
Sector Technology Hardware
Buyer(s) TTS
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Summit Data Communications

Akron, Ohio, United States
Summit Data Communications, Inc. is a provider of secure and reliable wireless connectivity for blue chip customers in niche industrial and medical markets. Summit is a privately owned company, providing industrial-grade and medical-grade wireless modules. Summit's rugged Wi-Fi products provide secure and reliable wireless connectivity for devices such as data collection terminals and medical equipment that operate in harsh radio frequency environments such as factories, warehouses, and hospitals. More than 1.5 million Summit wireless modules are in use today at companies of all sizes around the world.

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Buyer(S) 1

Buyer

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 7 of 10
Sector: Technology Hardware M&A 5 of 7
Type: Add-on Acquisition M&A Deals 7 of 9
State: Ohio M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2012 M&A 2 of 2
Size (of disclosed) 6 of 8
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
2012-03-12 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.

Sell CN¥198M
Mergr

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