Data Device Corp. (DDC) has acquired data bus designer and manufacturer National Hybrid from API Technologies [ATNY], bolstering the company’s position as a supplier of data bus and other networking electronics for the Defense Department and aerospace and defense contractors.
DDC, a portfolio company of the private equity firm Behrman Capital, paid $32.5 million in cash for New York-based National Hybrid. DDC, which is also based in New York, said the acquisition expands its military standard 1553 data bus product line.
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| National Hybrid’s 1553 Data Bus Tranceiver. Photo: DDC |
“National Hybrid is an ideal strategic acquisition for DDC,” Vincent Buffa, president of DDC, said in a statement. “This addition of National Hybrid’s product line will greatly enhance DDC’s offering to its customers and also provide access to new strategic markets.”
API said the sale of National Hybrid will let if focus on its core microwave and microelectronics products and solutions.
“Given our technology roadmap and product offerings as one of the worlds’ largest merchant suppliers of radio frequency/microwave and microelectronics technologies, this tax efficient transaction helps direct energies and resources toward the continued advancement of our new products and platforms, including innovative subsystems and modules.”