Industry Week in Review – August 18, 2023
KippsDeSanto & Co. Industry Week in Review – August 18, 2023
Industry Week in Review – August 18, 2023
M&A Transactions
Align Capital Partners has acquired Global Guardian, a provider of an integrated suite of best-in-class security, medical, and travel-related services including personnel tracking, emergency response, security and transportation support, intelligence and due diligence medical support, emergency and custom aviation, cyber security, and video surveillance monitoring that help clients fulfill Duty of Care (“DoC”) obligations and address the risks of traveling and doing business globally. Terms of the transaction were not disclosed.
BAE Systems (LON: BA) has agreed to acquire the Aerospace Business of Ball Aerospace (NYSE: BALL), a provider of mission critical space systems and defense technologies including specialized instruments, sensors, and spacecraft enabling laser communications systems to link infantry and drones by satellite and satellite tracking systems to monitor space-based threats for defense and civilian applications across air, land, sea, and space domains. The transaction is valued at $5.6 billion.
Nano Dimension, Ltd. (Nasdaq: NNDM) has acquired Additive Flow, a provider of high-performance and high-quality simulation software for mechanical, thermal, thermo-mechanical properties with frequency and fatigue modeling capabilities across a range of materials and processes for aerospace & defense, semiconductors, advanced optics and optoelectronics, and related industries. Terms of the transaction were not disclosed.
Pono Capital Three, Inc., a Special Purpose Acquisition Company (NasdaqGM: PTHR), has acquired Horizon Aircraft, a provider of market-leading unique, hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft with patented ducted fan-in-wing technology enabling flight with speed, range, and operational utility and payload capacity than competitors to date with interest in a broad number of mission-specific tasks including military special operations, emergency medical services, aerial firefighting, and disaster relief. The transaction is valued at $96.0 million.
Thrust Capital Partners (“TCP”) has entered into a strategic partnership with Dishon Limited, a provider of complex machined components and assemblies with a focus on hard metals (esp. titanium and inconel alloys) primarily supporting tier 1 and OEM customers in the aviation, space, and satellite market sectors in Canada, the US, and the UK. Terms of the transaction were not disclosed.
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