Mergers & Acquisition

Mergers & Acquisition

National Semiconductor Acquires Leading-Edge Data Converter Developer Xignal Technologies

February 2, 2007

Key Technology and Development Expertise to Accelerate National's Leadership Position in High-Speed Data Converters SANTA CLARA, Calif., Jan. 31 -- National Semiconductor Corporation (NYSE:NSM) today announced that it is acquiring Xignal Technologies AG, a German-based developer of high-speed data converters... Read More

Mergers & Acquisition

MRI Announces Acquisition of Introtech Inc.

February 2, 2007

DALLAS, TX (February 1, 2007) - MRI, the parent company of ShockWatch®, announced today the acquisition of IntroTech Inc., a privately held manufacturer of small, easy-to-use, chemical-based temperature sensors that provide reliable tracking of temperature fluctuations for goods in transit and storage. ShockWatch, a... Read More

Mergers & Acquisition

OMNI to Acquire Assets of Cypress Energy

February 2, 2007

Acquisition Adds $20 Million of Seismic Drilling Backlog, Expands Core Business Segments With Addition of Employee Leasing and Will Be Immediately Accretive to Earnings CARENCRO, La., Jan. 29 -- OMNI ENERGY SERVICES CORP. (NASDAQ:OMNI) announced today the execution of an Asset Purchase Agreement to acquire certain... Read More

Mergers & Acquisition

Vectron International Completes Acquisition of BiODE Inc.

February 2, 2007

Strengthens Sensor & Advanced Packaging Group's Acoustic Wave-based Sensor Offerings, Represents Strategic Building Block for Future Growth HUDSON, N.H., Jan. 31 -- Vectron International, a leader in the design, manufacture and marketing of Frequency Control, Sensor, and Hybrid Product solutions, today announced... Read More

Mergers & Acquisition

Varian Medical Systems Completes Acquisition of ACCEL Instruments GmbH

February 2, 2007

PALO ALTO, Calif., Jan. 29: Varian Medical Systems, Inc., (NYSE:VAR) today announced it has successfully completed the acquisition of ACCEL Instruments GmbH, a privately-held supplier of scientific research instruments and proton therapy systems for cancer treatment. Varian paid approximately $30 million to... Read More

Mergers & Acquisition

All Sensors Purchases Minority Interest in AsenStec Gmbh

February 1, 2007

All Sensors Corporation of Morgan Hill, CA announced today it had purchased a minority interest in AsenStec Gmbh of Inning, Germany. All Sensors is a leading supplier of low-pressure sensors. AsenStec is a leading distributor of sensors in Europe. AsenStec was founded by, and is managed by, Helmut Koslowski. All... Read More

Mergers & Acquisition

Lilly Announces Completion of ICOS Corporation Acquisition

February 1, 2007

INDIANAPOLIS, Jan. 29: Eli Lilly and Company (NYSE:LLY) today announced that it has completed its acquisition of ICOS Corporation. As a result of closing the transaction, Lilly has acquired all of the outstanding shares of ICOS common stock at a price of $34 per share, for a total of approximately $2.3... Read More

Mergers & Acquisition

Boeing Concludes Purchase of C-Map to Grow Jeppesen Marine Business

February 1, 2007

SEATTLE, Jan. 30 -- The Boeing Company (NYSE:BA) today announced it has concluded its purchase of C-Map, a leading provider of digital maritime cartography, data services and other navigational information. C-Map will become a part of Jeppesen's marine division. Jeppesen is a wholly-owned subsidiary of Boeing... Read More

Mergers & Acquisition

Belden Agrees to Acquire Hirschmann Automation and Control

February 1, 2007

Consistent with the strategic goal of expanding its connectivity offering in markets where Belden is the preferred cable supplier, Belden is acquiring a company with wide-ranging competence and leading market positions in digital communication and connectivity for industrial automation and large-scale public... Read More

Mergers & Acquisition

Stratex Networks Stockholders Approve Combination and Merger With Microwave Communications Division of Harris Corporation

January 31, 2007

SAN JOSE, Calif., Jan. 25: Stratex Networks (NASDAQ:STXN), announced that at today's special stockholders meeting, the stockholders of Stratex Networks, Inc. approved the combination with Harris Corporation's Microwave Communications Division and the other transactions contemplated by the Formation, Contribution... Read More

Mergers & Acquisition

Kennametal to Acquire Remaining Ownership Interest in Spanish Affiliate

January 31, 2007

LATROBE, Pa., Jan. 29 -- Kennametal Inc. (NYSE:KMT) announced today that it has entered into a definitive agreement to acquire the remaining ownership interest in its Spanish affiliate, KENCI, S.A. Closing is planned for early April 2007 and remains subject to customary regulatory approvals and negotiated... Read More

Mergers & Acquisition

MDS Offers to Acquire Molecular Devices for US$615 Million in Major Expansion of MDS Sciex Business

January 31, 2007

New MDS business unit offers broader array of customer solutions by combining leadership positions in Mass Spectrometry and Cellular Analysis Outstanding potential to exploit combined R&D expertise, a strengthened distribution channel and global manufacturing footprint Transaction expected to bring US$190 million... Read More

Mergers & Acquisition

Cooper Industries Announces the Acquisition of Cybectec Inc.

January 31, 2007

New Products Offer Utilities Enterprise-Wide Access to Power System Data with Maximum Return on Investment HOUSTON, January 29, 2007 -- Cooper Industries, Ltd. (NYSE: CBE) today announced the acquisition of Cybectec, Inc., a privately held worldwide provider of products and software systems designed to assist... Read More

Mergers & Acquisition

Harris Corporation's Microwave Communications Division and Stratex Networks, Inc. Complete Merger Creating a New Company - Harris Stratex Networks, Inc.

January 31, 2007

Combination Creates Largest Independent Global Provider of Wireless Transmission Network Solutions MELBOURNE, Fla. and SAN JOSE, Calif., Jan. 26 -- Harris Corporation (NYSE:HRS) and Stratex Networks, Inc. (NASDAQ:STXN) today announced the completion of the transaction that has created a new company -- Harris... Read More

Mergers & Acquisition

Audiovox Closes Acquisition of Thomson Americas Consumer Electronics Accessory Business

January 31, 2007

HAUPPAUGE, N.Y., Jan. 29 -- Audiovox Corporation (NASDAQ:VOXX), announced today that it has completed its acquisition of Thomson's Americas consumer electronics accessory business for a total purchase price of approximately $59 million, which includes the working capital adjustment. As announced on December 21... Read More

Mergers & Acquisition

Xantrex to Acquire Elgar and Enhance its Position as a World Leader in Advanced Power Electronics

January 31, 2007

VANCOUVER, Jan. 29: Xantrex Technology Inc. (TSX:XTX) announced today a strategic expansion of its programmable power business. Xantrex has entered into a definitive agreement to acquire Elgar Electronics Corporation for US$108 million in cash. Elgar, headquartered in San Diego, California, is a leading provider of... Read More

Mergers & Acquisition

Aon Acquires Footman James

January 31, 2007

CHICAGO, Jan. 29 -- Aon Corporation (NYSE:AOC) today announced that it has completed the acquisition of Footman James from Alchemy Partners (Guernsey) Limited. The terms of the transaction are not disclosed. Aon provides tailor made cover for specialist personal risks including prestige sports and classic cars... Read More

Mergers & Acquisition

Abitibi-Consolidated Creates Venture in Energy Generation - Hydro Assets in Ontario to be Regrouped into ACH Limited Partnership

January 31, 2007

MONTREAL, Jan. 26 -- Abitibi-Consolidated announced today that it has entered into a binding letter of intent with the Caisse de depot et placement du Quebec to create a joint-venture for the Company's Ontario hydroelectric generation facilities. The Company will retain a 75% interest in the joint-venture, called... Read More

Mergers & Acquisition

MRV Announces Definitive Agreement to Acquire Fiberxon

January 30, 2007

MRV to Combine Fiberxon With Luminent With the Goal of Creating One of the Largest, Most Comprehensive Manufacturers of Optical Transceivers for Telecommunication Networks CHATSWORTH, Calif., Jan. 26 -- MRV COMMUNICATIONS, INC. (NASDAQ:MRVC) announced today that it has entered into a definitive agreement to... Read More

Mergers & Acquisition

Northrop Grumman Completes Acquisition of Essex Corporation

January 30, 2007

LOS ANGELES, Jan. 25 -- Northrop Grumman Corporation (NYSE:NOC) announced today that it has completed the acquisition of Essex Corporation, having acquired 100 percent of the shares of Essex common stock for $24 per share. The cash transaction is valued at approximately $580 million, which includes the assumption... Read More