Stellant Systems toa cquire PST product line from Comtech for $40M

Stellant Systems and Comtech Telecommunications Corp. announced the companies entered into a definitive agreement under which Stellant will acquire Comtech’s Power Systems Technology product line for a total cash purchase price of $40M, which includes a preliminary sales price of $35 million and contingent consideration up to $5M based on the achievement of certain targets. The transaction was unanimously approved by the board of directors of both companies. Stellant is a portfolio company of Arlington Capital Partners, a Washington-D.C. based private equity firm with extensive experience investing in regulated industries. Paul Russell, Chief Executive Officer of Stellant, said, “We are excited about the products and technology that PST brings to Stellant and look forward to investing in its technologies and employees to bring additional value to our customers. This partnership represents an important step in Stellant’s strategic vision and is another milestone in the Company’s 90-year history of technological innovations.” The transaction is expected to close by the end of October 2023, subject to regulatory approvals and customary closing conditions.