CPI has entered into an agreement to purchase SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, a business unit of General Dynamics.
SATCOM Technologies designs, manufactures and installs satellite communications antenna systems used in commercial, defence and scientific applications, as well as provides related radio frequency products and electronics, including feed components, amplifiers, converters, antenna control systems, and engineering and installation services.
This business will complement CPIs existing portfolio of communications products for government, military and commercial applications.
Commenting on the acquisition, Bob Fickett, President and CEO, CPI said: Satellite communications technology plays a vital role in modern communications, serving the seemingly insatiable thirst for more bandwidth and greater speeds.
Acquiring SATCOM Technologies enables us to provide CPIs customers with a wide range of complementary products, capabilities and resources to support this dynamic and growing market, making it an excellent fit for CPI. These capabilities and resources include extensive expertise in VSAT (very small aperture terminal), large and medium communications antennas, and very large, complex antenna systems. We look forward to welcoming the businesss management and employees to the CPI family.
The acquisition is expected to close before the end of the calendar year 2019, subject to customary closing conditions. Financial terms of the agreement were not disclosed.