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New Deal


Announced

Completed

ITT completed the acquisition of Micro-Mode Products for $80m.

Financials

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Transaction Value£64m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

Majority

radio frequency

Electrical Components

Friendly

Private

Acquisition

Domestic

Completed

Synopsis

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ITT, a manufacturer of highly engineered critical components, completed the acquisition of Micro-Mode Products, a provider of RF and Hermetic connectors for radar, satellite and smart defense systems, for $80m. “Micro-Mode has a proven business model that delivers value to customers in very demanding applications. The company’s expertise is a great addition to our connectors business and strengthens our presence in defense systems, military aircraft and space applications. Micro-Mode customer sentiment is overwhelmingly positive, and we are excited to have the Micro-Mode team join ITT,” Luca Savi, ITT CEO and President.

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