British business bought out by US defence suppliers

Ultra Electronics Holdings has puchased UK-based AEP networks for a total of £48 million.
Round-up of today's M&A deals


Ultra Electronics Holdings has puchased UK-based AEP networks for a total of £48 million.
Round-up of today’s M&A deals

Ultra Electronics Holdings has purchased UK-based AEP networks for a total of £48 million.

Defence supplier Ultra Electronics is to pay an initial consideration of £36.7 million with an additional £11.1 million payable based on financial results for the year ending 31 December 2011.

Berkshire-headquartered AEP Networks is to operate as a separate but wholly-owned subsidiary of Ultra Electronics.

According to a statement Ultra Electronics gives AEP Network’s customers access to additional resources such as intellectual property, supply chain, research and development and a bigger global footprint.

Round-up of today’s M&A deals

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Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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