The Germany-based manufacturer of advanced bomb disposal robots and threat response vehicles, Telerob GmbH will shortly be acquired by the British defence technology manufacturer Cobham. Cobham anticipates that the acquisition will allow it to significantly strengthen its ability to deliver market-leading robot products, to fast-growing homeland security markets around the world.
The acquisition will allow Cobham to integrate its own technology into Telerob systems, including communications equipment and sensors that it already provides for the EOD market, along with specialist cameras manufactured by another recently acquired company, RVision.
On the other hand, Telerob’s technology will be integrated into the mission equipment business unit of Cobham. According to Cobham, the merger of technologies will enable Cobham to develop more distinctive and competitive systems, as well as increasing the value to it of each system sold.
According to the Release, Telerob revealed that the acquisition is being funded from Cobham's existing cash resources. The company further revealed that consideration comprises the 75 million, payable in cash, on completion on a debt and cash free basis, and a seller's note from certain shareholders of 3 million which will be repayable in installments on the first, second and third anniversary of completion.
Cobham concluded its second acquisition deal in a short span of one and half month. In early December, the British company acquired U.S. electro-optical and infrared imaging systems maker RVision for $48 million.
Exactly an year ago, Cobham Life Support announced the acquisition of SafeLife Systems, a subscription-based satellite self test detection service from PROCON, Inc., based in Knoxville, Tennessee. The acquisition gave thousands of owners of 406 MHz Personal Locator Beacons (PLBs), Emergency Locator Transmitters (ELTs) and Emergency Position Indicating Radio Beacons (EPIRBs) the ability to send non-distress messages via text/e-mail to family and friends, the company revealed in its statement.