Segment Monthlies

Defense Electronics M&A Transactions - September 2024

 

Download and read the September 2024 issue of the Defense Electronics Monthly, covering the latest M&A deal news and valuation trends in the defense electronics sector, including activity in segments such as C4ISR and electronic warfare, rugged electronics, RF & microwave, embedded computing, interconnects, microelectronics & semiconductor and test & measurement. Sign up for the Defense Electronics Monthly distribution list to stay up-to-date on the headline acquisitions impacting your market and the current dynamics of the publicly traded strategic companies within the industry.


Key Defense Electronics Deals Announced

Target
Buyer
Description

Kirintec

BAE_Systems_Logo

  • Target: United Kingdom-based Kirintec is a specialist in counter-Improvised Explosive Devices (IED), counter-Uncrewed Air Systems (UAS) and electronic warfare products and solutions. The company's battle-proven technology protects military platforms and personnel from cyber and electromagnetic attacks.

  • Buyer: United Kingdom-based BAE Systems specializes in defense, aerospace, and security solutions for global markets. The company provides products and services for air, land, and naval forces, along with advanced electronics and cybersecurity solutions that protect critical infrastructure.

  • Terms: Transaction announced on September 3, 2024. Terms not disclosed.

 

Volatus

 

eVertiSKY

  • Target: Neenah, WI-based Volatus Infrastructure specializes in creating sustainable energy solutions and infrastructure for the Urban Air Mobility (UAM) and electric vehicle sectors. The company focuses on developing dual-use charging stations designed to support both aerial and ground-based electric transportation.

  • Buyer: Chicago, IL-based eVertiSky focuses on developing software and infrastructure for Urban Air Mobility (UAM). The company creates scalable systems that integrate electric aerial vehicles into modern transportation networks, enhancing urban mobility and reducing environmental impact.

  • Terms: Transaction announced on September 3, 2024. eVertiSky stated the combined valuation post-merge will be $262M.

 

Accutron

 

Foxtronics

a portfolio company of

Foxhole

  • Target: Windsor, CT-based Accutron specializes in designing and manufacturing custom circuit board assemblies, primarily serving the aerospace, medical, and telecommunications industries. The company's core capabilities include material management, supply chain solutions, and advanced assembly processes such as injection molding and CNC machining.

  • Buyer: Milford, CT-based Foxtronics EMS provides electronic manufacturing services for the aerospace, defense, and telecommunications industries. The company offers custom circuit board assembly, testing, and prototyping, with a focus on high-rel and industry compliance.

  • Terms: Transaction announced on September 4, 2024. Terms not disclosed.

Harder Digital

Theon International

  • Target: Germany-based HARDER.digital develops and manufactures Gen I, Gen II and Gen III Image intensifiers as well as custom made image tubes for private sector and international government defense markets. The company has developed scientific applications of MCP-screen detectors, offering multiple options of MCP based mounts.

  • Buyer: Cyprus-based Theon International develops advanced electro-optical systems for defense and security markets. The company’s products include night vision and thermal imaging systems used by military and law enforcement agencies to enhance situational awareness and operational effectiveness.

  • Terms: Transaction announced on September 9, 2024. Terms not disclosed.