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New Deal


Announced

Completed

Kratos completed the acquisition of ASC Signal from CPI for $35m.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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antenna systems

Majority

Private

Friendly

Telecommunications Equipment

Single Bidder

United States

Acquisition

Completed

Synopsis

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Kratos Defense & Security Solutions, a defense contractor and security systems integrator, completed the acquisition of ASC Signal, a manufacturer of high-performance, highly engineered antenna systems, from Communications & Power Industries, a global manufacturer of electronic components and subsystems, for $35m. "The addition of ASC provides an important building block for Kratos’ continued growth as the industry’s broadest supplier of advanced products across the ground segment. Beyond the strong product lines and North American manufacturing base, it brings the ability for us to advance our strategy of building important ground segment technologies directly into antennas and better integrating antennas into increasingly virtualized ground systems. In addition, the acquisition brings engineering expertise and a product platform for growing Kratos’ solutions in the Q and V band markets that will become a critical part of the industry’s future," Phil Carrai, Kratos President of Space, Training and Cybersecurity Division.

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