COM DEV buys Pacific Wave from Levine Leichtman Capital Partners
COM DEV International Ltd (TSX: CDV) has completed its previously announced acquisition of Pacific Wave Systems Inc, a Garden Grove, California-based manufacturer of waveguides for the global satellite industry, for US$20.1 million. The seller in the transaction was Levine Leichtman Capital Partners, a U.S. private equity firm that acquired Pacific Wave in April 2008. COM DEV, a Canadian provider of space hardware and services, said the deal will strengthen its portfolio with a complementary space product that is expected to benefit from market trends, including the growth in high-throughput satellites.
3 June 2015•3 mins read
