Target
|
Buyer
|
Description
|
|
|
|
-
Target: Rochester Hills, MI-based ADCO Circuits is a full-service electronics manufacturing and design partner specializing in high-reliability circuit board assembly and box-build systems for aerospace, defense, medical, industrial, and automotive industries. The company provides capabilities ranging from prototype support to high-volume production, and advanced test and automated logistics systems.
-
Buyer: Finland-based Scanfil is a contract manufacturer specializing in electronics and mechatronic systems for industries including aerospace, defense, and industrial automation. The company offers services such as PCB assembly, box-build systems, test engineering, and aftermarket support.
-
Terms: Transaction announced on June 10, 2025. Scanfil is expected to purchase an 80% equity stake, representing an implied TEV of $25.0M, 0.7x FY2024 revenue.
|
|
Explosive Hazard Detection business
|
a subsidiary of
|
-
Target: Charlotte, NC-based Explosive Hazard Detection business of Chemring Group is a provider and systems integrator of advanced point and stand-off chemical threat detection systems as well as combat-proven C-IED and mine detection systems for private sector and U.S. federal government defense markets. The business provides full life-cycle product development, production, and support for multiple threat detection systems, with lifecycle support from system design through logistics support.
-
Buyer: Annapolis, MD-based ELTA North America is a provider of multi-domain radar, sensor, and countermeasure systems designed to address evolving defense and security challenges. The company delivers tailored solutions in areas like air defense, airborne surveillance, electronic warfare, and counter-UAS through its design, development, and support services.
-
Terms: Transaction announced on June 16, 2025. Terms not disclosed.
|
|
a subsidiary of
|
|
-
Target: Belgium-based ScioTeq is a provider of avionics displays and high-performance software solutions for private sector, international government, and U.S. federal government aerospace and defense markets. The company provides enhanced situational awareness solutions for naval, land army, mobile and fixed shelter based C4ISR.
-
Buyer: France-based Tikehau Capital is an alternative asset management firm providing investment solutions in private debt, real estate, private equity, and capital markets across multiple geographies. The company focuses on long-term partnerships and value creation through flexible financing and operational expertise.
-
Terms: Transaction announced on June 16, 2025. Terms not disclosed.
|
|
|
|
-
Target: Santa Barbara, CA-based Sonatech is an undersea acoustics engineering and manufacturing company specializing in advanced sonar and navigation systems for naval and commercial customers. The company offers custom-designed acoustic transducers, beacons, and submarine-grade navigation subsystems with in-house production and testing capabilities for mission-critical underwater applications.
-
Buyer: Norway-based Kongsberg is a global supplier of defense and aerospace systems, specializing in command and control, missiles, surveillance, space solutions, tactical communications, remote weapon stations, and MRO for aircraft and helicopters. The company supports military, naval, and space customers worldwide with advanced composites, electro-optical sensors, avionics, and satellite ground stations.
-
Terms: Transaction announced on June 17, 2025. Terms not disclosed.
|