Kanders & Company completes acquisition of Antenna and Test Equipment Businesses from L3Harris to form Fisica, a new defense technology platform
Jun 03, 2024•over 1 year ago
Acquiring Company
Fisica
Acquired Company
Fisica
Description
Kanders & Company, Inc., a single-family office, has successfully completed the acquisition of certain antenna and test equipment businesses from L3Harris Technologies. These acquired businesses, including ATI, Datron, and Randtron, will now be consolidated under Fisica, Inc., the new defense technology platform of Kanders. Fisica is based in San Leandro, Calif., with additional operations in Menlo Park and Simi Valley, Calif., and is well-positioned for growth as a critical partner for defense primes and the U.S. Department of Defense.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed