.
MergerLinks Header Logo

New Deal


Announced

Completed

TCOM Holdings completed the acquisition of Aerostar from Raven Industrials.

Financials

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

Tags

Edit

electronics

Single Bidder

United States

Friendly

Domestic

Electrical Components

Acquisition

Private

Majority

aerospace

manufacturer

Completed

Synopsis

Edit

TCOM Holdings, a elevated ISR awareness solutions provider, completed the acquisition of Aerostar, a design, manufacture, integration, and operation of persistent stratospheric platforms and radar systems manufacturer, from Raven Industrials, an American company that manufactures precision agriculture products. Financial terms were not disclosed. "We are excited to welcome Aerostar to our growing portfolio of Aerospace and Defense holdings. Our ability to leverage TCOM's proven elevated awareness solutions using tethered aerostats and Aerostar's sophisticated sensors and stratospheric balloons will more broadly serve our DoD, DHS, and allied military customers," Ron Bendlin, TCOM President and Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US