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• The most active dealmakers were UK businesses with U.S. interests including Cobham, Ultra Electronics and BAE Systems • Favoured segments for M&A: • services (EADS, Patria, Supacat) • C4ISR (Sonardyne, Patria, Quadnetics) • communications technology (Ruag, Vermonte, Teseq) • cyber (Ultra, Digital Barriers, BAE) • satellites/space technology (Astrium, Ultra) • homeland security (ROK Global) • Largest deal highlights collaboration trend - acquisition of military propulsion business Tognum AG by JV between Rolls Royce and Daimler. |