Cobham completes acquisition of Aeroflex
Following the receipt of regulatory and shareholder approvals Cobham has now successfully completed its acquistion of Aeroflex.
Cobham Chief Executive Officer Bob Murphy said: “We are pleased to welcome Aeroflex into the Cobham family of businesses. The combination of our technology companies is absolutely aligned with our strategic objective of building and maintaining leading positions in selected higher growth, commercially oriented end markets that increasingly demand more data, connectivity and bandwidth.”
Roughly 70% of Aeroflex's revenue is focused on commercial markets including wireless, space, microelectronics, industrial, energy and other sectors. This will increase the proportion of Cobham’s commercial revenue from 35 percent to some 42 percent of the total, on a pro forma basis, and builds on Cobham’s focus on connectivity capabilities, customers and characteristics.
Aeroflex operations will become part of Cobham’s Advanced Electronic Solutions and Communications and Connectivity sectors. With its acquistion of Aeroflex Cobham expects to achieve significant synergy benefits as well as increased shareholder value and even more effective customer support.
Cobham offers an innovative range of technologies and services to solve challenging problems in harsh environments across commercial, defence and security markets,specialising in meeting the growing demand for data, connectivity and bandwidth.
Employing more than 12,000 people on five continents, Cobham has customers and partners in over 100 countries, with market leading positions in: audio, video and data communications, including satellite communications; defence electronics; air-to-air refuelling; aviation services; life support and mission equipment.