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M&A Activity

Reuters: Avaya Mulls Buyout Offer From Private Equity Firm

An investment company offered to acquire Avaya (NYSE: AVYA) in a proposed deal valuing the telecommunications equipment maker at $5B, or more than $20 per share, Reuters reported Monday. The report said Santa Clara, Calif.-based Avaya aims to grow its communications software business and cloud-based technology portfolio. The leveraged buyout …

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Curtiss-Wright Completes Tactical Communications Group Acquisition; David Adams Quoted

Curtiss-Wright (NYSE: CW) has closed its $50M cash acquisition of Tactical Communications Group, a Tewksbury, Mass.-based maker of tactical data link software for military communications platforms. “This acquisition yields significant opportunities for growth by enhancing our existing flight test instrumentation offering with complementary tactical data link processing software, analytics and visualization …

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Gryphon Buys Engineering, Technical Services Provider Schafer

Defense engineering services contractor Gryphon Technologies has purchased Schafer from Belcan, a portfolio company of private investment firm AE Industrial Partners, for an undisclosed sum. Schafer provides engineering, scientific and technical services to military and intelligence agency clients in support of their national security efforts, Gryphon said Monday. “By combining Schafer with Gryphon, we are strengthening our strategic …

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Novume Closes Purchase of AI-Based Vehicle Recognition Tech Maker OpenALPR

Novume Solutions (Nasdaq: NVMM) has finalized its acquisition of artificial intelligence-based vehicle recognition software developer OpenALPR Technology for an undisclosed sum. Novume said Wednesday Matt Hill, founder and chief technology officer of OpenALPR, will serve as chief science officer at Novume. “By joining Novume, we will gain access to influential …

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TransDigm Closes $4B Esterline Purchase

TransDigm Group (NYSE: TDG) has concluded its approximately $4B purchase of Esterline Technologies (NYSE: ESL) in a push to expand its proprietary and sole-source content platform for defense and aerospace sectors. TransDigm initially announced the deal on Oct. 10 and the company said Thursday Esterline shareholders will get $122.50 in cash per …

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Cubic Eyes Protected Comms Portfolio Expansion With Nuvotronics Buy; Mike Twyman Quoted

Cubic (NYSE: CUB) has purchased microfabricated radio frequency systems provider Nuvotronics for approximately $64M in cash as part of efforts to expand its portfolio of protected communications technology offerings. Durham, N.C.-based Nuvotronics designs and builds antennas, combiners, filters and other RF devices using the PolyStrata technology developed by the company …

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DFW Capital Buys Majority Stake in Sev1Tech

DFW Capital Partners has purchased a controlling stake in Sev1Tech, an information technology services provider to the government and commercial sectors, to help drive the latter’s growth efforts. Sev1Tech said Thursday it aims to expand service offerings and pursue larger projects through the investment from the private equity group. The …

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NVIDIA Strikes $6.9B Deal to Buy Mellanox; Jensen Huang, Eyal Waldman Quoted

NVIDIA (Nasdaq: NVDA) agreed to acquire Mellanox Technologies (MLNX) for approximately $6.9B in a push to expand its footprint in the high-performance computing market. NVIDIA said Monday it will pay $125 in cash for each share of Mellanox through a deal, which is expected to close by the end of …

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Boeing Closes Acquisition of Mobile Aviation App Provider ForeFlight

Boeing (NYSE: BA) finalized its acquisition of web-based and mobile flight applications provider ForeFlight for an undisclosed sum as part of the company’s growth strategy. Ken Sain, vice president of digital solutions and analytics at Boeing, said in a statement published Wednesday the company will build on Foreflight’s accomplishments in …

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Cerberus Completes Purchase of Sparton; Dev Kapadia Quoted

Cerberus Capital Management completed its purchase of Sparton Corp., a defense and aerospace electromechanical device manufacturer, in a cash transaction worth approximately $18.50 per share. The deal was initially announced in mid-December. Sparton said Monday it stopped trading on the New York Stock Exchange following completion of the sale. Dev …

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