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New Deal


Announced

Astronics acquired Freedom Communication Technologies from Tuckerman Capital and Hanover Partners.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

United States

Telecommunications Equipment

communications equipment

Private

Acquisition

Synopsis

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Astronics, a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, acquired Freedom Communication Technologies, a developer and manufacturer of communication test equipment, from private equity firms Tuckerman Capital and Hanover Partners, for $22m. Peter J. Gundermann, Chairman, President and Chief Executive Officer of Astronics commented, “FCT is a leader in wireless communications testing, primarily for the civil land mobile radio market. Their market focus and technology complements those we already have, and together, we will offer a broader range of test solutions to an expanded market. The acquisition gives us a stronger market position in the radio test arena, a strong brand for our offerings and a larger addressable market. We are excited to expand our test capabilities and to bring FCT on board with our Test business.”

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