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New Deal


Announced

Kanders to acquire the antenna and test equipment businesses from L3Harris Technologies for $200m.

Financials

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Transaction Value£158m
Consideration TypeCash, Loan Notes
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

test equipment

Machinery: Specialty

Acquisition

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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Kanders, a single-family office, agreed to acquire the antenna and test equipment businesses from L3Harris Technologies, a technology company, defense contractor, and information technology services provider, for $200m. "We are excited to announce the agreement to acquire these businesses from L3Harris and partner with existing management to launch a new platform in the defense industry. As the electronic warfare and communications space continues to evolve, we believe Fisica's product portfolio, long-standing customer relationships and stable program base position the combined businesses to grow both organically and through targeted acquisitions," Warren B. Kanders, Kanders President.

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