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18
First Quarter 2016
Notable Announced M&A Transactions
Source: Public Filings, Capital IQ and InfoBase as of 3/31/2016
Closed
Closed
Closed
January 21, 2016
January 12, 2016
January 4, 2016
Notes
Notes
Notes
Textron Inc. completed the
acquisition of Able Engineering &
Component Services, Inc. Founded
in 1982, and based in Mesa, AZ, Able
Engineering’s origins are in
processing turbine engine
components for OEMs. The
Company expanded its business to
include FAA-approved parts, along
with repairs, overhauls, exchanges
and partnerships. In a December
2014 press release, Able
Engineering said that it had revenue
of $70 million, with approximately
450 employees. Terms of the
transaction have not been disclosed.
The Electronic Technologies Group of
HEICO Corp. completed its
acquisition of Robertson Fuel
Systems, LLC ("Robertson") from
affiliates of private equity firm
American Securities, LLC, for $255
million in cash at closing, subject to
typical post-closing adjustments.
Robertson is a leader in the design
and production of mission-extending,
crashworthy and ballistically self-
sealing auxiliary fuel systems for
military rotorcraft.
Intel Corp. signed a definitive
agreement to acquire privately held
Ascending Technologies GmbH, a
maker of auto-pilot software and
algorithms that enable drones to
detect and avoid obstacles to prevent
mishaps. Research is ongoing in the
areas of sensor data processing and
flight attitude control. The purchase
follows Intel's investment of $60
million last August into Shanghai-
based drone and aerospace
company Yuneec International Co.
Financial terms of the deal were not
disclosed.
acquired
acquired
acquired
Electronic Technologies Group