WIMBORNE, U.K. - Cobham's aquisition of Aeroflex Holding has been successfully completed following the receipt of regulatory and shareholder approvals. The transaction has an enterprise value of approximately $1.46 billion.
Approximately 70 percent of Aeroflex's revenue is focused on commercial markets with exposure to 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 be integrated into Cobham's Advanced Electronic Solutions and Communications and Connectivity sectors. The scale and complementary nature of this transaction is expected to enable Cobham to unlock significant synergy benefits, generating increased shareholder value, while supporting customers even more effectively.
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