M&A Deal Summary

Ultra Electronics Acquires EMS Development

On May 16, 1997, Ultra Electronics acquired energy services and equipment company EMS Development for 2M USD

Acquisition Highlights
  • This is Ultra Electronics’ 1st transaction in the Energy Services and Equipment sector.
  • This is Ultra Electronics’ 35th largest (disclosed) transaction.
  • This is Ultra Electronics’ 2nd transaction in the United States.
  • This is Ultra Electronics’ 2nd transaction in New York.

M&A Deal Summary
Date 1997-05-16
Target EMS Development
Sector Energy Services and Equipment
Buyer(s) Ultra Electronics
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

EMS Development

Long Island, New York, United States
EMS Development Corp. specialises in the design and manufacture of shipborne degaussing (magnetic silencing) systems. It is recognised as a market leader in the supply of on-board systems which reduce the magnetic field of all types of naval vessels, thus helping to protect the vessels from the threat of magnetically activated underwater mines.

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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 2 of 38
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 29
State (New York) 2 of 3
Country (United States) 2 of 18
Year (1997) 2 of 2
Size (of disclosed) 35 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-02 Flightline Electronics

Rochester, New York, United States

Flightline Electronics, Inc. specialises in the design and manufacture of a range of sonobuoy telemetry receivers for maritime patrol aircraft and gyroscopes for aircraft instruments.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-22 Raytheon - Sonobuoy Business

Waltham, Massachusetts, United States

Raytheon - Sonobuoy Business engages in design and production of anti-submarine warfare (“ASW”) sensors, primarily sonobuoys. Its product offering includes sonobuoys used by the US Navy and most of the world’s ASW defence forces. In addition to sonobuoy production, the Company designs and produces multimode hydrophones and other advanced sensors and is under contract to the US Navy to provide ASW engineering services on selected programmes.

Buy $22M
Mergr

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