Cobham, a U.K. based company, recently announced that it will acquire U.S.-based Trivec-Avant Corporation (Trivec) for $126 Million, a leading global supplier of sophisticated UHF satellite communication (SATCOM) antenna systems according to a press release.
Cobham added that Trivec’s SATCOM technology, product range and customer base are complementary to Cobham’s Antenna Systems strategic business unit. The acquisition is in line with Cobham’s strategy to build scale in target markets and deepen its investment in differentiated technology.
Cobham will acquire the entire share capital of privately owned Trivec for a cash consideration of $126 million, payable on completion, on a debt and cash free basis. Subject to regulatory approvals, the acquisition is expected to complete during the fourth quarter of 2011.