Communications & Power Industries LLC (CPI) has completed the purchase of SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics. The transaction was funded using newly committed debt financing.
The newly acquired business, which consists of approximately 1,000 employees, as well as facilities in the United States, Europe and India. The new business will be called CPI Satcom & Antenna Technologies Inc. It will be owned and operated as a subsidiary of CPI and will work closely with CPI's existing antenna systems businesses, CPI Malibu Division and Orbital Systems LLC, to offer customers a broad and deep portfolio of satellite communications (Satcom) antenna systems and related products for use in defense, communications, and scientific applications. The organization's executive management team will remain in place and report to Andrew Ivers, CPI's chief operating officer.
Bob Fickett, president and chief executive officer of CPI, commented that as recent events have shown, communications play an indisputably vital and necessary part of modern life, and satellite communications capabilities are more critical than ever. CPI remains committed to providing a broad selection of proven, reliable satellite communications products to meet the needs of commercial, government and military customers around the world, and this acquisition enables them to further strengthen their Satcom product offering. With the addition of CPI Satcom & Antenna Technologies, the antenna systems portfolio now ranges from VSAT (very small aperture terminal) antennas to portable common data link antennas to very large, complex earth station antennas, and they offer a wide selection of related products, including feed components, satcom amplifiers, converters, and antenna control systems to support defense, communications, astronomy, earth observation, and scientific applications.
