M&A Deal Summary

Ultra Electronics Acquires Kratos Defense & Security Solutions - Electronic Products Division

On August 24, 2015, Ultra Electronics acquired electronics company Kratos Defense & Security Solutions - Electronic Products Division from Kratos for 265M USD

Acquisition Highlights
  • This is Ultra Electronics’ 2nd transaction in the Electronics sector.
  • This is Ultra Electronics’ largest (disclosed) transaction.
  • This is Ultra Electronics’ 17th transaction in the United States.
  • This is Ultra Electronics’ 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2015-08-24
Target Kratos Defense & Security Solutions - Electronic Products Division
Sector Electronics
Buyer(s) Ultra Electronics
Sellers(s) Kratos
Deal Type Divestiture
Deal Value 265M USD

Target

Kratos Defense & Security Solutions - Electronic Products Division

Massachusetts, United States
Kratos Defense & Security Solutions - Electronic Products Division is a designer and producer of RF and microwave integrated systems and subsystems for use in EW, radar, communication, missile, flight test and simulation applications.

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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 37 of 38
Sector (Electronics) 2 of 2
Type (Divestiture) 9 of 9
State (Massachusetts) 3 of 3
Country (United States) 17 of 18
Year (2015) 1 of 2
Size (of disclosed) 1 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Lab Impex Systems

Poole, United Kingdom

Lab Impex Systems Ltd. is a developer and supplier of radiation measurement solutions and services for use within the nuclear industry. LIS provides systems engineering, installation and support of full environmental radiation monitoring systems, including alpha, beta, gamma radiation and associated safety systems.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Furnace Parts

Cleveland, Ohio, United States

Furnace Parts LLC is a designer and manufacturer of specialty industrial thermocouple and RTD assemblies. The company produces a complete line of metal sheathed, base metal and noble metal thermocouple assemblies, as well as metal and ceramic protection tubes, used both domestically and abroad.

Buy $12M

Seller(S) 1

SELLER

Kratos

San Diego, California, United States

Category Company
Founded 1994
Sector Defense
Employees3,900
Revenue 1.0B USD (2023)
DESCRIPTION
Kratos' corporate headquarters in San Diego, California.
Kratos' corporate headquarters in San Diego, California.

Kratos is a specialized technology focused security business providing mission critical products, solutions and services for domestic and international customers. The Company designs, engineers and manufactures specialized electronic products, components, subsystems and systems for intelligence, surveillance, and reconnaissance (ISR), electronic attack, electronic warfare, radar, and missile system platforms; integrated product, software and technology solutions for satellite communications; products and solutions for unmanned systems; products and services related to cybersecurity and cyberwarfare; products and solutions for ballistic missile defense; weapons systems trainers; advanced network engineering and information technology services; weapons systems lifecycle support and sustainment; military weapon range operations and technical services; and public safety, critical infrastructure security and surveillance systems. Kratos was formed in 1994 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-08 Composite Engineering

Sacramento, California, United States

Composite Engineering, Inc. (CEI) engages in the design, manufacture, maintenance, and support of high performance aerial target drone systems for the U.S. Department of Defense and its friendly nations worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Kratos Defense & Security Solutions - Kratos Public Safety and Security

San Diego, California, United States

Kratos Defense & Security Solutions - Kratos Public Safety and Security is a provider of advanced integrated security technology and systems.

Sell $69M