ESCO Technologies Inc. announced the completion of its acquisition of the Signature Management & Power (SM&P) business from Ultra Maritime for a cash purchase price of $550 million. This strategic transaction significantly expands ESCO's capabilities within the naval defense sector.
SM&P, now integrated into ESCO’s Aerospace & Defense (A&D) segment, is a long-standing provider of mission-critical signature and power management solutions for the US and UK naval defense markets. Its sole-source product offerings are highly complementary to ESCO’s existing naval programs, providing increased content on US Navy submarine and surface ship programs and expanding into UK and AUKUS navy platforms.
The acquired business brings proprietary Signature Management technology for magnetic and electric field countermeasures and Power Management technology for ultra-quiet ship propulsion motors, enhancing stealth capabilities. This acquisition aligns with ESCO’s long-term objective of expanding its leadership positions in high-growth end-markets, particularly benefiting from increasing global naval defense spending.
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