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26
March
2012

API Technologies buys C-MAC Aerospace

API Technologies has completed the acquisition of the entire issued share capital of C-MAC Aerospace Limited.
C-MAC is a portfolio company of Francisco Partners and Shah Capital Partners, based in Great Yarmouth and Milton Keynes, and provides electronic systems, modules, and components to the defense, aerospace, space, industrial, and energy sectors. The company's fiscal year 2011 revenues were 22.5 million pounds sterling (approximately $36 million USD) and it employs 300 people worldwide.

The acquisition went through for 20.95 million pounds sterling (approximately $33 million USD).

"C-MAC acquisition is a major step forward towards our vision of being a dominant technology provider for the RF/Microwave and Microelectronic high-reliability end markets. C-MAC brings to API a large portfolio of proprietary and differentiating products along with an increased European and international presence," said Bel Lazar, President and Chief Operating Officer of API Technologies. 
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