Transactions
July 1 2018
KippsDeSanto & Co. Advises Aitech Rugged Group on its Sale to FIMI Opportunity Funds
KippsDeSanto & Co. is pleased to announce the sale of our client, Aitech Rugged Group (“Aitech” or the “Company”) to FIMI Opportunity Funds (“FIMI”). Aitech is a leading supplier of rugged, hi-tech embedded computers for mission-critical aerospace, defense, and space programs worldwide optimized for harsh environments, in support of leading defense industry prime contractors and major global aerospace platform integrators.
Headquartered in Chatsworth, California, with operations in Herzliya, Israel, Aitech has established a reputation as a go-to supplier for advanced, high-performance, aerospace, defense, and space-qualified embedded computing and custom Commercial Off-The-Shelf Products (“COTS”) products used for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (“C4ISR”) and signal and sensor processing. Aitech’s industry-leading engineering capabilities combine advanced, customized COTS, custom hardware, and software to provide integrated systems to meet evolving customer needs and mission requirements. The Company’s unique customization model positions Aitech and its customers with the ability to continuously stay at the leading-edge of technological advancement, significantly reducing risk, time-to-market, and obsolescence for highly-visible, mission-critical programs.
The acquisition of Aitech provides FIMI with a well-established defense electronics platform and global customer base. FIMI intends to make an immediate internal investment into Aitech to enable the Company to capitalize on increasing demand for its products and create a highly-scalable, market-dominant rugged embedded computing solutions provider. The acquisition represents another step in FIMI’s plan to make investments in non-Israeli companies and centralize their operations in Israel. Aitech represents the fourth investment made by FIMI since November 2017 in a series of defense electronics / satellite businesses. FIMI plans to grow the Company’s business with a focus on business development, research, and sales and marketing initiatives.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:
• The global defense, aerospace, and space technology market remains robust as non-US firms continue to seek cross-border opportunities for strategic access
• High-end signal processing and computing systems for C4ISR mission and space platforms remains a key priority for buyers
• Companies with differentiated solutions and entrenched positions on key, well-funded platforms attract greater value in the M&A market
LEAD INVESTMENT BANKERS
Michael J. Misantone
KippsDeSanto & Co. is pleased to announce the sale of our client, Aitech Rugged Group (“Aitech” or the “Company”) to FIMI Opportunity Funds (“FIMI”). Aitech is a leading supplier of rugged, hi-tech embedded computers for mission-critical aerospace, defense, and space programs worldwide optimized for harsh environments, in support of leading defense industry prime contractors and major global aerospace platform integrators.
Headquartered in Chatsworth, California, with operations in Herzliya, Israel, Aitech has established a reputation as a go-to supplier for advanced, high-performance, aerospace, defense, and space-qualified embedded computing and custom Commercial Off-The-Shelf Products (“COTS”) products used for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (“C4ISR”) and signal and sensor processing. Aitech’s industry-leading engineering capabilities combine advanced, customized COTS, custom hardware, and software to provide integrated systems to meet evolving customer needs and mission requirements. The Company’s unique customization model positions Aitech and its customers with the ability to continuously stay at the leading-edge of technological advancement, significantly reducing risk, time-to-market, and obsolescence for highly-visible, mission-critical programs.
The acquisition of Aitech provides FIMI with a well-established defense electronics platform and global customer base. FIMI intends to make an immediate internal investment into Aitech to enable the Company to capitalize on increasing demand for its products and create a highly-scalable, market-dominant rugged embedded computing solutions provider. The acquisition represents another step in FIMI’s plan to make investments in non-Israeli companies and centralize their operations in Israel. Aitech represents the fourth investment made by FIMI since November 2017 in a series of defense electronics / satellite businesses. FIMI plans to grow the Company’s business with a focus on business development, research, and sales and marketing initiatives.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:
• The global defense, aerospace, and space technology market remains robust as non-US firms continue to seek cross-border opportunities for strategic access
• High-end signal processing and computing systems for C4ISR mission and space platforms remains a key priority for buyers
• Companies with differentiated solutions and entrenched positions on key, well-funded platforms attract greater value in the M&A market
LEAD INVESTMENT BANKERS
Michael J. Misantone
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