M&A Deal Summary

Ultra Electronics Acquires CMC Electronics Military Communications

On August 19, 2002, Ultra Electronics acquired electronics company CMC Electronics Military Communications from CMC Electronics for 53M CAD

Acquisition Highlights
  • This is Ultra Electronics’ 1st transaction in the Electronics sector.
  • This is Ultra Electronics’ 8th largest (disclosed) transaction.
  • This is Ultra Electronics’ 1st transaction in Canada.
  • This is Ultra Electronics’ 1st transaction in Quebec.

M&A Deal Summary
Date 2002-08-19
Target CMC Electronics Military Communications
Sector Electronics
Buyer(s) Ultra Electronics
Sellers(s) CMC Electronics
Deal Type Divestiture
Deal Value 53M CAD

Target

CMC Electronics Military Communications

Montreal, Quebec, Canada
CMC Electronics Military Communications is a global supplier of UHF military radios and systems. Primarily operating in the land forces environment of the military communications arena, MilComm provides advanced radio products that serve as the backbone of modern tactical line-of-sight radio networks. These radio networks provide secure, battlefield trunk telephone and high capacity data telecommunication services to link battlefield theatre commanders and their combat forces.

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Buyer(S) 1

Buyer

Ultra Electronics

London, United Kingdom
Category Company
Founded 1993
Sector Electronics
Employees4,253
Revenue 860M GBP (2020)
DESCRIPTION

Ultra Electronics is a provider of specialist capabilities, generating highly-differentiated solutions and products in the defense & aerospace, security & cyber, transport and energy markets, by applying electronic and software technologies in demanding and critical environments to meet customer needs. Ultra Electronics Holdings was founded in 1993 and is based in London, the United Kingdom.

DEAL STATS #
Overall 5 of 38
Sector (Electronics) 1 of 2
Type (Divestiture) 2 of 9
State (Quebec) 1 of 2
Country (Canada) 1 of 4
Year (2002) 1 of 1
Size (of disclosed) 8 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-14 The DF Group

Preston, United Kingdom

The DF Group has two operating subsidiaries Datel Defence Limited and Ferranti Air Systems Limited specialises in software development and management for military projects, system integration services, secure communication networks and internet based shared data environments.

Buy £44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-02 SML Technologies

Southampton, United Kingdom

SML Technologies Ltd. is a supplier of electronic charting systems, radars and automatic radar plotting aids, personal locator beacons and GPS transponder systems to military, offshore oil, and port vessel traffic management customers. SML’s products are used for surveillance, collision avoidance and command and control purposes and are incorporated in the navigation system of the Royal Navy’s new Type 45 destroyer.

Buy £7M

Seller(S) 1

SELLER

CMC Electronics

Burnaby, British Columbia, Canada
Category Company
Founded 1903
Sector Electronics
DESCRIPTION

CMC Electronics, Inc., is engaged primarily in the design, development, manufacture, sale and support of high-technology electronic products and systems for the aerospace, communications, and electronic components markets for military and commercial customers.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2002) 1 of 1
Mergr

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