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  5. Ultra Electronics Acquires Radamec Defence Systems

M&A Deal Summary

Ultra Electronics Acquires Radamec Defence Systems

On July 31, 2003, Ultra Electronics acquired defense company Radamec Defence Systems from Radamec Group for 6M GBP

Acquisition Highlights
  • This is Ultra Electronics’ 2nd transaction in the Defense sector.
  • This is Ultra Electronics’ 27th largest (disclosed) transaction.
  • This is Ultra Electronics’ 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2003-07-31
Target Radamec Defence Systems
Sector Defense
Buyer(s) Ultra Electronics
Sellers(s) Radamec Group
Deal Type Divestiture
Deal Value 6M GBP

Target

Radamec Defence Systems

London, United Kingdom
Radamec Defence Systems Ltd. is a supplier of electro optical surveillance, target tracking and weapon control systems. RDS also provides stabilised platforms and high performance military cameras, thermal imagers and laser range finders. The company has contracts to supply its specialist equipment for the UK Navy’s new Type 45 destroyer, for the UK Army’s new Battle Group Thermal Imager and for a number of export programmes.

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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 7 of 38
Sector (Defense) 2 of 2
Type (Divestiture) 3 of 9
Country (United Kingdom) 3 of 14
Year (2003) 2 of 3
Size (of disclosed) 27 of 35
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-25 BAE Systems Ocean Systems

Braintree, Massachusetts, United States

Ocean Systems, located in Braintree, Massachusetts, has 80 employees and produces special purpose acoustic and RF devices and systems for submarines, surface ships and acoustic test ranges. Ocean Systems also operates an open water test site to conduct acoustic research and production testing.

Buy $10M

Seller(S) 1

SELLER

Radamec Group

London, United Kingdom
Category Company
Founded 1980
Sector Technology Hardware
Employees19
DESCRIPTION

Radamec Group plc is a manufacturer for working boats to control the power plant and ancillary machinery, data acquisition systems, and ruggedised computer terminals, as well as diesel engine emission instruments.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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