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New Deal


Announced

Comtech to acquire CGC Technology for $24m.

Financials

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Transaction Value£18m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Internet

Pending

United Kingdom

satellite devices

Majority

Friendly

Acquisition

Single Bidder

Private

Synopsis

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Comtech, a satellite telecommunications company, agreed to acquire CGC Technology, a provider of high precision full motion fixed and mobile X/Y satellite tracking antennas, reflectors, radomes and other ground station equipment, for $24m. "With significant growth in LEO and MEO satellite constellations expected, the acquisition adds another growth dynamic to Comtech and brings immediate relationships with several top-tier European aerospace companies and other government entities," Comtech.

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