A Shrivenham-based independent developer of high-end electronics has been snapped up by BAE Systems. The deal was in region of £20 million.
Pulse Power and Measurement Limited’s (PPM) technology has the potential to increase the speed and ease of sharing large volumes of data over a network, giving users greater ability to exploit that data. As volumes of data grow, this ability is crucial to give military and security customers an information advantage.
Based in Shrivenham with approximately 60 employees, PPM specialises in the design and manufacture of a wide range of radio frequency (RF) over fibre systems, which allow radio frequency signals to be transmitted over fibre optic cables. The company also provides bespoke systems for the renewable power industry and electrification of automotive and aerospace vehicles.
PPM has a strong track record of working within the defence and communications sector, cyber security and commercial test and research markets in both the UK and USA and it strongly complements BAE Systems’ digital and data capabilities. Together the companies have a shared goal to expand the use of RF systems and power electronics technologies across a range of applications for military and commercial customers.
Ian Muldowney, Chief Operating Officer and Engineering Director, for BAE Systems’ Air Sector, said “Pulse Power and Measurement Limited and BAE Systems are an excellent fit; both companies have superb technology credentials, thrive on innovation and work closely with military and government customers to deliver pioneering technology-based solutions. The acquisition further advances our strategic objective to develop and grow our capabilities in secure systems and information exploitation.”
Martin Ryan, Managing Director, Pulse Power & Measurement Ltd, said: “We are excited about joining BAE Systems and bringing together our complementary capabilities which will give our innovative team of specialists and engineers access to world-class expertise and ensure our successful business continues to grow.”
PPM will become a wholly-owned subsidiary of BAE Systems, retaining the name of Pulse Power & Measurement Limited.
This acquisition is part of BAE Systems’ strategy to develop breakthrough technologies, with continued investment in research and development, working with our customers, industry partners, SMEs and academia, and pursuing bolt-on acquisitions where they complement existing capabilities and provide an opportunity to accelerate our position in key areas. The latest move builds on recent acquisitions such as Prismatic, Techmodal and two high end technology acquisitions in the US, as we continue to strengthen and evolve our portfolio towards customer priorities and future growth areas.
PPM’s technical excellence, developed over 25 years, has earned it a reputation for quality and reliability in the Satellite and Broadcast markets by providing innovative RF and fibre optic products used in the ground based communications segment. Amongst its wide range of capabilities PPM provides pit lane and car telemetry in Formula 1, specialist measurement equipment for aircraft clearance, and high performance electronic sub-systems for power trains on electric vehicle and aerospace platforms.