Comtech To Acquire CPI For $472 Million - InformationWeek
04:30 PM
Full Security Visibility: An Introduction to SysSecOps
Jun 06, 2017
Systems and security operations - SysSecOps - is a growing approach that integrates endpoint monit ...Read More>>

Comtech To Acquire CPI For $472 Million

The move will bring Comtech closer to its goal of developing a one-stop shop for radio frequency products.

Comtech Telecommunications is moving to acquire CPI International in a deal that will help Comtech in its goal of developing a one-stop shopping approach for radio frequency products. CPI said the transaction will have an enterprise value of $472 million.

Some 53% of CPI is owned by the Cypress Group and related entities, CPI said in the announcement. The transaction is subject to some regulatory approvals as well as by CPI stockholders, but not Comtech stockholders. A majority of CPI stockholders have already approved the transaction, CPI said.

Fred Kornberg, president and chief executive of Comtech, hailed the deal, stating, "CPI is a unique business and a leading global supplier of vacuum electron devices which are used in hundreds of critical commercial and military applications. The combination will allow us to unite our companies' resources to develop and bring new and innovative products to market and to our customers."

Joe Caldarelli, CPI's CEO, also praised the acquisition, adding that customers will benefit from greater resources and more diverse product offerings that the combined company will offer.

Comtech has three main business segments -- telecommunications transmission, mobile data communications, and RF microwave amplifiers. Comtech indicated that it targets many of its products toward providing or enhancing communications capabilities in situations in which terrestrial communications infrastructure doesn't make sense, for instance, in situations where terrestrial communications infrastructure is unavailable, inefficient, or too expensive.

CPI, the parent company of Communications & Power Industries, markets several varied product lines ranging from the transmission of radar signals to signals involved in electronic countermeasures as well as for a variety of commercial, medical, and military products.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of Data and Analytics
Today's companies are differentiating themselves using data analytics, but the journey requires adjustments to people, processes, technology, and culture. 
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on for the week of November 6, 2016. We'll be talking with the editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll