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Stellant Systems to Acquire Power Systems Technology Product Line from Comtech for USD 40m.

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MANews-(C)2009-2023

US-based power amplification company Stellant Systems, Inc. (Stellant) has agreed to acquire the power systems product line from Comtech Telecommunications Corp. (NASDAQ: CMTL) for a cash purchase price of USD 40m, the company said.

The consideration includes a preliminary sales price of USD 35m and contingent consideration up to USD 5m based on the achievement of certain targets.

Stellant is a portfolio company of Arlington Capital Partners (Arlington), a Washington-DC based private equity firm with extensive experience investing in regulated industries.

The acquisition of the PST product line will strengthen Stellant's portfolio of RF amplification products.

PST brings a differentiated set of technologies in the solid-state power amplification market, driving further innovation in solid state technology.

Kirkland & Ellis LLP served as legal counsel to Stellant Systems and Arlington...

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