M&A Deal Summary

UTC Aerospace Systems Acquires N2 Imaging Systems

On December 2, 2015, UTC Aerospace Systems acquired defense company N2 Imaging Systems

Acquisition Highlights
  • This is UTC Aerospace Systems’ 1st transaction in the Defense sector.
  • This is UTC Aerospace Systems’ 2nd transaction in the United States.
  • This is UTC Aerospace Systems’ 2nd transaction in California.
Investment Fate
  • N2 Imaging Systems was divested to a consortium of buyers in 2019.

M&A Deal Summary

Date 2015-12-02
Target N2 Imaging Systems
Sector Defense
Buyer(s) UTC Aerospace Systems
Deal Type Add-on Acquisition

Target

N2 Imaging Systems

Irvine, California, United States
N2 Imaging Systems is a designer and manufacturer of compact, low-power, visible, and infrared imaging systems (near-infrared to thermal) used for soldier vision enhancement, surveillance, or threat detection and targeting conducted during the day, night, or under low visibility conditions. N2 Imaging Systems was founded in 2007 and is based in Irvine, California.

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Buyer(S) 1

Buyer

UTC Aerospace Systems

Charlotte, North Carolina, United States

Category Company
Founded 1918
Sector Aerospace
DESCRIPTION
Entrance to a UTC Aerospace Systems facility in Danbury, Connecticut.
Entrance to a UTC Aerospace Systems facility in Danbury, Connecticut.

UTC Aerospace Systems is a supplier of technologically advanced aerospace and defense products. UTC Aerospace designs, manufactures and services systems and components and provide integrated solutions for commercial, regional, business and military aircraft, helicopters and other platforms.


DEAL STATS #
Overall 2 of 2
Sector: Defense M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-29 Haskel International

Burbank, California, United States

The company manufactured pneumatically- and hydraulically-driven pumps and air pressure amplifiers for industrial, commercial, aerospace and military applications. Under Tinicum and Edmundson ownership, Haskel completed two acquisitions: BuTech Pressure Systems, which manufactured high-pressure valves and other piping components, and DuraMeter Pump Company, which manufactured electrically-driven chemical injection pumps.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 Walbar Engine Components

Chandler, Arizona, United States

Walbar Engine Components produces turbine engine blades, vanes, segments, and machined structures for commercial and military aircraft engines. Walbar Engine Components also makes locomotive diesel engine core and turbo compressor assemblies. Walbar Engine Components was founded in 1951 and is based in Chandler, Arizona.

Sell -