M&A Deal Summary

Ultra Electronics Acquires Dne Technology

On July 30, 2004, Ultra Electronics acquired technology hardware company Dne Technology from The Alpine Group for 40M USD

Acquisition Highlights
  • This is Ultra Electronics’ 4th transaction in the Technology Hardware sector.
  • This is Ultra Electronics’ 11th largest (disclosed) transaction.
  • This is Ultra Electronics’ 6th transaction in the United States.
  • This is Ultra Electronics’ 2nd transaction in Connecticut.

M&A Deal Summary

Date 2004-07-30
Target Dne Technology
Sector Technology Hardware
Buyer(s) Ultra Electronics
Sellers(s) The Alpine Group
Deal Type Divestiture
Deal Value 40M USD

Target

Dne Technology

Wallingford, Connecticut, United States
Dne Technology, Inc. is a provider of specialist electrical and electronic equipment for military and commercial aircraft.

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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 10 of 38
Sector (Technology Hardware) 4 of 17
Type (Divestiture) 6 of 9
State (Connecticut) 2 of 2
Country (United States) 6 of 18
Year (2004) 2 of 2
Size (of disclosed) 11 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-21 DNE Systems

Wallingford, Connecticut, United States

DNE Systems, Inc. engages in design, manufacture and support of battlespace IT products that control access to military tactical communications networks. DNE’s products are central to the ability to share information across multiple battlespace IT networks, including legacy systems. Products include voice and data multiplexers, multi-service access concentrators and communication switches, and protocol converters used by all branches of the US Armed Forces. DNE also provides a range specialist electrical and electronic equipment for military and commercial aircraft and this represents about 15% of sales.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-18 Audiopack Technologies

Garfield Heights, Ohio, United States

Audiopack Technologies, Inc. is a developer and manufacturer of rugged voice communications equipment for personnel wearing protective clothing, masks and breathing apparatus in harsh and hazardous environments.

Buy $60M

Seller(S) 1

SELLER

The Alpine Group

East Rutherford, New Jersey, United States

Category Company
Founded 1957
Sector Electrical Equipment
DESCRIPTION

Alpine has substantial experience in operating and actively managing companies in which it invests capital and has focused on industrial and other businesses. Company engages in the design and manufacture of menu boards and signage for the food service industry and financial institutions.


DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 2 of 2
Type (Divestiture) 2 of 2
State (Connecticut) 2 of 2
Country (United States) 2 of 2
Year (2004) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-21 DNE Systems

Wallingford, Connecticut, United States

DNE Systems, Inc. engages in design, manufacture and support of battlespace IT products that control access to military tactical communications networks. DNE’s products are central to the ability to share information across multiple battlespace IT networks, including legacy systems. Products include voice and data multiplexers, multi-service access concentrators and communication switches, and protocol converters used by all branches of the US Armed Forces. DNE also provides a range specialist electrical and electronic equipment for military and commercial aircraft and this represents about 15% of sales.

Sell $40M