M&A Activity

Maxar Technologies (NYSE: MAXR) has completed the procedure of incorporating the space technology services contractor under the laws of the state of Delaware. The company said Tuesday it also transitioned to U.S. generally accepted accounting principles standards and securities filings. All outstanding and issued common shares of the Canadian parent company were exchanged for …

The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. …

Imaging satellite operator Planet has agreed to buy geospatial data management software vendor Boundless Spatial for an undisclosed sum to expand the former’s business in the public sector and commercial agriculture markets. San Francisco-based Planet said Tuesday it aims to increase utilization of its imagery products in the government sector by leveraging Boundless’ technology platforms and services. …

The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the transaction could be disclosed …

Italy-based conglomerate Leonardo has moved to combine three divisions into a new electronics division as part of growth efforts in the defense and security technology market. Leonardo said Thursday the new business will consolidate the firm’s land and naval defence electronics, airborne and space systems and defense systems businesses. The …

New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …

Harris (NYSE: HRS) has withdrawn and refiled a notification required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with regard to its proposed merger with L3 Technologies (NYSE: LLL). Harris resubmitted the notification Tuesday and the waiting period for the notice under the antitrust law is set to expire on Jan. 10, …

Shareholders in Red Hat (NYSE: RHT) will vote Jan. 16 on whether to approve IBM‘s (NYSE: IBM) proposed $34B acquisition of the Raleigh, N.C.-based open source technology provider. A Dec. 11 record date has been established for Red Hat’s special meeting of stockholders, the company said Monday. IBM first announced Oct. 28 it would acquire Red …

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end of 2018, pending customary closing conditions. On Aug …

On Nov. 26th, United Technologies announced its move to split the company into three separate businesses following the completion of the $30B Rockwell Collins acquisition on Nov. 23rd. The move will combine UTC’s Pratt & Whitney and United Technologies Aerospace Systems with Rockwell Collins to form Collins Aerospace Systems. The …