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L-3 Buys SAM Electronics for $150M

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NEW YORK, Dec. 2 -- L-3 Communications has signed an agreement to acquire SAM Electronics GmbH (SAM) for $150 million in cash, subject to customary closing conditions and regulatory approvals. L-3 said it expects to complete the purchase in the first half of 2006. Headquartered in Hamburg, Germany, SAM is a manufacturer of maritime electrical and electronic systems to shipyards, shipping companies, international navies and commercial shipyards. "SAM is an electrical system integrator for commercial and military ships, and that gives L-3 expanded markets in a growing commercial segment for...Read full article

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    Published: December 2005
    acquisitionsCommunicationsdefenseelectricalGermanyL-3L-3 CommunicationLanzanaviesnavigationNavyNews & FeaturesSAMSAM Electronicsship

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