M&A Deal Summary

Ultra Electronics Acquires Magneto-Inductive Systems

On May 27, 2008, Ultra Electronics acquired technology hardware company Magneto-Inductive Systems for 22M USD

Acquisition Highlights
  • This is Ultra Electronics’ 9th transaction in the Technology Hardware sector.
  • This is Ultra Electronics’ 15th largest (disclosed) transaction.
  • This is Ultra Electronics’ 3rd transaction in Canada.
  • This is Ultra Electronics’ 1st transaction in Nova Scotia.

M&A Deal Summary

Date 2008-05-27
Target Magneto-Inductive Systems
Sector Technology Hardware
Buyer(s) Ultra Electronics
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Magneto-Inductive Systems

Head Jeddore, Nova Scotia, Canada
Magneto-Inductive Systems Ltd. is a manufacturer of magneto inductive guidance, signalling and communications equipment.

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Buyer(S) 1

Buyer

Ultra Electronics

London, United Kingdom

website


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 17 of 38
Sector (Technology Hardware) 9 of 17
Type (Add-on Acquisition) 10 of 29
State (Nova Scotia) 1 of 1
Country (Canada) 3 of 4
Year (2008) 1 of 5
Size (of disclosed) 15 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 BCF Designs

Cirencester, United Kingdom

BCF Designs Ltd. is a provider in the design and production of electronic test solutions for the military and civil aerospace markets.

Buy £13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-05 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.

Buy $50M