Stellant Systems to Acquire Comtech’s Power Systems Technology Line
Stellant Systems is acquiring Comtech’s Power Systems Technology (PST) product line for $40 million, the companies announced Friday. Stellant is acquiring the PST product line to strengthen its portfolio of radio frequency (RF) amplification products.
The transaction is expected to close by the end of this month and is subject to regulatory approvals. The sale price includes a preliminary price of $35 million and up to $5 million more based on certain targets.
Stellant is a portfolio company of private equity firm Arlington Capital Partners and was formerly L3Harris Electron Devices & Narda Microwave-West. The company sells RF amplification products. Stellant said that PST has differentiated technologies in the solid-state power amplification market and a customer set that is complementary to Stellant’s.
Comtech plans to use the proceeds debt, de-lever the balance sheet, reduce cash interest requirements, and provide flexibility to achieve our near-term strategic goals.”
“We are excited about the products and technology that PST brings to Stellant and look forward to investing in its technologies and employees to bring additional value to our customers. This partnership represents an important step in Stellant’s strategic vision,” commented Stellant CEO Paul Russell.
Russell previously told Via Satellite that Stellant is on the market to acquire other technologies. “We’re looking to expand our product portfolio so that we can be a one stop shop for whatever our customers need for either amplification or RF/microwave passive products,” Russell said in June.