M&A Deal Summary

Ultra Electronics Acquires ProLogic

On June 5, 2008, Ultra Electronics acquired information technology company ProLogic for 50M USD

Acquisition Highlights
  • This is Ultra Electronics’ 1st transaction in the Information Technology sector.
  • This is Ultra Electronics’ 8th largest (disclosed) transaction.
  • This is Ultra Electronics’ 9th transaction in the United States.
  • This is Ultra Electronics’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2008-06-05
Target ProLogic
Sector Information Technology
Buyer(s) Ultra Electronics
Deal Type Add-on Acquisition
Deal Value 50M USD
Advisor(s) Capstone Partners
Citigroup Investment Banking (Financial)

Target

ProLogic

Fairmont, West Virginia, United States
ProLogic Incorporated is a growing Information Technology service provider to the Federal government. The company specializes in software development, system integration, and IT services. ProLogic has more than 300 employees and is headquartered in Fairmont, West Virginia.

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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 18 of 38
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 11 of 29
State (West Virginia) 1 of 1
Country (United States) 9 of 18
Year (2008) 2 of 5
Size (of disclosed) 8 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-27 Magneto-Inductive Systems

Head Jeddore, Nova Scotia, Canada

Magneto-Inductive Systems Ltd. is a manufacturer of magneto inductive guidance, signalling and communications equipment.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 AudioSoft

Cirencester, United Kingdom

AudioSoft Ltd. is a provider of data recording and analysis solutions that allow organisations to record, preserve and rapidly to locate important information. AudioSoft’s systems are used in a wide variety of markets including defence, air traffic control, law enforcement, emergency services, court rooms and national security.

Buy £5M
Mergr

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Company

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