Target
|
Buyer
|
Description
|
 |
|
-
Target: Belgium-based Septentrio designs, manufactures, markets, and supports high-precision multi-frequency/multi-constellation GPS/GNSS equipment. The company's products are used in various applications in marine, aerospace, defense, survey and mapping, GIS, UAV, and other industries.
-
Buyer: Sweden-based Hexagon is a provider of measurement and geospatial solutions specializing in aerospace software, sensors, and data analytics platforms. The company supports precision manufacturing, digital twin creation, and mission planning for aerospace and defense customers.
-
Terms: Transaction announced on January 7, 2025. Terms not disclosed.
|
|
Mission Training and Satellite business
|
|
-
Target: Orlando, FL-based MT&S business of Northrop Grumman is a provider of training and satellite ground network communications software solutions to the US military. The business’s technology-enabled training services help warfighters achieve mission readiness through advanced simulation-based training and mission rehearsal capabilities across multi-domain immersive environments, powered by live, virtual and constructive technologies.
-
Buyer: United Kingdom-based Serco is a provider of mission-critical services specializing in air traffic control, satellite operations, base support, and integrated logistics. The company supports government and defense agencies with operational support across transport, space, and public safety domains.
-
Terms: Transaction announced on January 30, 2025. Purchase price was $327M, 1.1x and 9.6x 2025P revenue and EBITDA, respectively.
|
a subsidiary of
|
|
-
Target: Spain-based Hispasat is a developer of commercial and defense satellite constellations. The company's activities include provision of communication services in the commercial and government sectors (corporate networks, advanced telecommunications services, telephony, and videoconferencing).
-
Buyer: Spain-based Indra Sistemas is a global technology and consulting company that specializes in digital transformation, IT services, and software development. The company serves a wide range of markets, including aerospace, defense, transport, and energy, providing innovative solutions in sectors requiring high-tech infrastructure and systems integration.
-
Terms: Transaction announced on January 31, 2025. Indra Sistemas is expected to acquire an 89.7% stake in Hispasat, which includes its stake in Hisdesat, resulting in a TEV of $840M, 2.0x FY2026 revenue.
|
|
|
a portfolio company of
|
-
Target: Huntsville, AL-based NeXolve manufactures and designs high performance polymer materials for electronics, display, and aerospace applications. The company‘s advanced polymer products are in a wide array of commercial uses, as well as ongoing space and aeronautic flight use.
-
Buyer: Stockton, CA-based Applied Aerospace manufactures complex composite and metal-bonded structures for aerospace and defense applications. The company provides engineering, testing, and manufacturing solutions for flight-critical components, including satellite structures, missile casings, and aircraft fairings.
-
Terms: Transaction announced on March 10, 2025. Terms not disclosed.
|
