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01 Dec 16. ECA Group strengthens its Aerospace division with the acquisition of ELTA. Following on from ECA’s signature of a unilateral promise to purchase, as set out in the press release of August 5, 2016, the Group announces that it has finalized the acquisition of ELTA from AREVA TA and AREVA S.A. Located in Toulouse, ELTA reported revenue of €15.6m in 2015, with a workforce of 92 employees. It strengthens the Aerospace division of ECA, also located in Toulouse.
The skills and expertise of ELTA are structured around three major areas: secure electronic systems, radio transmission and measurement. ELTA applies its expertise in:
• Aerospace, offering a range of equipment for aircraft: emergency locator beacons, for which ELTA is one of the key players worldwide, connectivity and energy conversion equipment;
• Space, where ELTA provides ground stations and balloon systems (platform gondola combined with ground station), together with electronic equipment (mainly radio frequency, microwave and signal processing equipment).
ELTA will strengthen ECA’s aerospace expertise through its activities and experience in on-board equipment, but also through its expertise in the fields of radio frequency and radio navigation. In addition, ECA now gains operations in the field of space, an area where several companies within the Group could promote their expertise. Lastly, ELTA’s solutions are rolled out to hundreds of airlines, which significantly expands the Group’s sales network among aircraft operators.
Accordingly, there are multiple synergies between ECA and ELTA, both from a technological and commercial perspective. This new entity will enable the Group to:
• Promote ECA’s specific skills in embedded equipment to major aerospace manufacturers;
• Develop a more comprehensive offer in the space industry, specifically the ground support and on-board sectors;
• Market ECA’s test, repair and maintenance equipment to five times more airlines worldwide;
• Promote ELTA’s expertise to ECA’s major clients;
• Pool the technological expertise and solutions of ECA and ELTA with a view to developing future product ranges.
ELTA becomes a subsidiary of ECA AEROSPACE and will enjoy the support of this company, which pools certain support functions (business development, HR, finance, etc.) within the Aerospace division.
30 Nov 16. Cubic Completes Acquisition of Vocality International. Cubic Corporation (NYSE: CUB) today announced the acquisition of Vocality International, a leading provider of embedded technology that unifies communications platforms, enhances voice quality, increases video performance and optimizes data throughput. The addition of Vocality, which is headquartered in Shackleford, United Kingdom, further expands Cubic Mission Solutions’ (CMS) portfolio in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) for secure and expeditionary communications, and ISR Processing, Exploitation and Dissemination (PED).
Vocality’s ability to bridge communication platforms and manage networks is essential for businesses, government agencies and military personnel to communicate securely with one another and allows legacy systems to communicate seamlessly with cutting-edge wireless and cellular networks. Vocality is a current partner of Cubic’s subsidiary DTECH and will enhance the content and intellectual property on key Programs of Record currently being delivered by CMS. The purchase price is GB£8m (US$10m) subject to other customary adjustments per the terms of the stock purchase agreement.
“The acquisition of Vocality is extremely important to our overall company and C4ISR strategy as Vocality’s solutions expand our offerings an