SPX Technologies acquires Enterprise Control Systems Ltd (“ECS”)
Snapshot
SPX Technologies acquired Enterprise Control Systems Ltd (“ECS”) for $39.4 million (net of $5.1M cash acquired); seller eligible for up to $15.0M earn-out in August 2021. The transaction was structured as all cash plus earn-out. Enterprise Control Systems Ltd (“ECS”) is a United Kingdom-based Detection & Measurement business.
- Acquirer
- SPX Technologies
- Target
- Enterprise Control Systems Ltd (“ECS”)
- Value
- $39.4 million (net of $5.1M cash acquired); seller eligible for up to $15.0M earn-out
- Date
- August 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
SPX Technologies acquired Enterprise Control Systems Ltd (“ECS”) for $39.4 million (net of $5.1M cash acquired); seller eligible for up to $15.0M earn-out, a transaction completed in August 2021, structured as all cash plus earn-out.
Enterprise Control Systems Ltd (“ECS”) operates in Detection & Measurement, is based in United Kingdom. ECS is a leader in the design and manufacture of highly-engineered tactical datalinks and radio frequency (RF) countermeasures, including counter-drone and counter-IED RF jammers.
Adds defense-grade RF and counter-UAS technology to SPX's communications and signals franchise.
High-value defense RF countermeasure technology with earn-out aligned to performance milestones. Detection and Measurement reportable segment (CommTech) CEO: “Our CommTech business manages RF signals.” (Detection & Measurement franchise commentary)
No advisory firms have been disclosed for this transaction.