Frequentis has announced the signing of an agreement to acquire the ATM voice communications and arrival management product business from the US company L3Harris Technologies for a purchase price of US$20.1 million.
The transaction includes the acquisition of 100 per cent of the shares in Harris C4i as well as the ATM voice communication systems product line of L3Harris, USA; the Harris ATC Solutions business unit of Harris Canada Systems, Canada; and 100 per cent of the shares in Harris Orthogon in Germany.
In addition to such acquisitions, L3Harris and Frequentis have entered into cooperation agreements under which Frequentis as an L3Harris’ technology partner will provide voice communication products for use in L3Harris’ large-scale solutions and services business.
"This transaction marks a significant step in Frequentis’ growth strategy and will complement Frequentis’ portfolio for the civil and defence ATM sector," the company said in a statement.
"Moreover, Frequentis adds the leading arrival and departure management solutions from L3Harris Orthogon to its offering.
"This is a next stage in Frequentis’ strategy for ATM, in line with the previous acquisitions of Comsoft and ATRiCS."
“The acquisition enables us to grow our global customer base," Norbert Haslacher, CEO of Frequentis, said. "Traffic optimisation is crucial, even and above all, in times of low traffic.
"It is our commitment to an efficient and environmentally sustainable air traffic management environment, driven by digitalisation and automation.
“This acquisition, as well as the strong cooperation agreed with L3Harris is perfectly in line with our corporate strategy and achieves a key step in the evolution of Frequentis as a global supplier of mission critical solutions.”
Frequentis states that the deal will bring significant significant enhancements in its ATM portfolio and market access.
For example, Australian-based C4i will be complementing the Frequentis ATM defence portfolio by its high secure interoperable communications solutions for mission-critical environments.
The transaction is expected be completed in the second half of the year 2021 and is subject to competition clearance and regulatory approvals.