24
Third Quarter 2014
Announced M&A Transactions
(Aerospace)
Announced
Closed
Closed
September 17, 2014
September 5, 2014
September 2, 2014
Notes
Notes
Notes
Veritas Capital entered into a
definitive agreement to acquire the
Space Photovoltaics business of
EMCORE Corp for $150 million.
The business provides products for
space power applications including
high-efficiency multi-junction solar
cells, coverglass interconnected
cells and complete satellite solar
panels, along with terrestrial
applications, including high-
efficiency multi-junction solar cells
for concentrating photovoltaic
power systems.
Standex International Corporation
acquired Ohio-based Enginetics
Corporation, a producer of aircraft
engine components for all major
aircraft platforms. The acquisition
will further solidify Standex’s
expansion into the aviation market
for high-efficiency engines.
Enginetics had revenue of
approximately $30 million in the
trailing 12 months.
XPO Logistics acquired New Breed
logistics for $615 million. New
Breed provides technology-
oriented supply chain innovations
and complex, contract logistics
services. New Breed provides
logistics support to Boeing for the
manufacture and final assembly of
the 787 Dreamliner. New Breed
had revenue of approximately $597
million and adjusted EBITDA of
approximately $77 million for the
trailing 12 months ended June 30,
2014.
will acquire
acquired
acquired
Source: Capital IQ and InfoBase as of 09/30/14
Space Photovoltaics business
