A California-based manufacturer of electronic components and systems has announced an agreement to acquire a satellite communications company with a Kilgore location.
An Aug. 5 press release from Communications & Power Industries LLC states the company will acquire SATCOM Technologies, which is the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics.
“SATCOM Technologies designs, manufactures and installs satellite communications antenna systems used in commercial, defense 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 CPI’s existing portfolio of communications products for government, military and commercial applications,” the press release reads.
SATCOM Technologies has a Kilgore unit located on Energy Drive off Hwy. 259. CPI is based in Palo Alto, California.
CPI aims to incorporate SATCOM Technologies’ product line and experience to enhance its own offerings to its customers.
“Satellite communications technology plays a vital role in modern communications, serving the seemingly insatiable thirst for more bandwidth and greater speeds,” said Bob Fickett, president and chief executive officer of CPI.
“Acquiring SATCOM Technologies enables us to provide CPI’s 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 business’s management and employees to the CPI family.”
In a statement to SpaceNews, a multimedia company focused on the space industry, General Dynamics spokesman Tom Crosson said the business deal will allow the parent company to focus more on government and military programs.
“General Dynamics Mission Systems is divesting its SATCOM Technologies business area in order to better align its business efforts in core areas supporting U.S. Department of Defense and government agency customers,” Crosson said.
The deal is set to close before the end of 2019 but no information has been released at this time about the financial conditions of the acquisition.