Thales Completes Acquisition of Tampa Microwave - Proposed Acquisition Receives CFIUS Approval

April 3, 2012 - Thales announced today that it has completed the acquisition of Tampa Microwave, a privately held, veteran-owned company specializing in tactical satellite communications (SATCOM) terminals and related products for defense, government, and commercial customers.

The announcement follows completion of a review of the acquisition by the Committee on Foreign Investment in the United States (CFIUS) and its determination that there are no national security concerns with respect to the transaction.

Tampa Microwave designs, develops, and manufactures SATCOM manpack terminals that provide high-bandwidth, voice, video, and data battlefield communications at the tactical level. The company's core competencies also include SATCOM engineering and customer support. Like many of Thales's own products, Tampa Microwave's manpack terminals were specifically designed for the dismounted soldiers who operate in dangerous environments.

"We are pleased to have obtained CFIUS approval for this acquisition and look forward to realizing the benefits that this new relationship will bring to our nation's warfighters," said Allan Cameron, President and CEO of Thales USA. "By leveraging the proven expertise of both Thales and Tampa Microwave, we plan to further expand and diversify our communications technology to meet the critical challenges warfighters are facing on the battlefield. "

Tampa Microwave will operate as a subsidiary of Thales Communications, Inc., a Thales USA company which operates under a proxy agreement with the U.S. Department of Defense. The business will maintain its location in Tampa, Florida, and the current Tampa Microwave management team will remain unchanged.

Thales Communications is a recognized leader in developing and manufacturing tactical communications equipment that address the real-world challenges presented in size, weight, and power-constrained (SWAP) environments. By enhancing its existing resources with Tampa Microwave's capabilities, Thales Communications will be in a position to provide customers with proven, wideband, beyond-line-of-sight communications technology.

Tampa Microwave President Eric Guerrazzi added, "Thales and Tampa Microwave have strong reputations and consistent track records for providing customers with high-quality, reliable solutions. Partnering will enable us to field essential equipment as expeditiously as possible. "


Download: Press Release - Thales Completes Acquisition of Tampa Microwave - 040312.pdf

 

About Thales


Thales (www.thalesgroup.com) is a global technology leader for the Defense, Security, Aerospace, and Transportation markets. In 2011, the company generated revenues of €13 billion (approximately $18.3 billion) with 67,000 employees in 56 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers and local partners

Thales Communications, Inc. (www.thalescomminc.com) is a global leader in the development of reliable, software-defined radio equipment and solutions. The company serves the ground, naval, airborne, and homeland security domains with tactical electronic equipment and information systems that address the technological and environmental challenges presented in real-world situations-especially those with size, weight, and power constraints. A U.S. proxy company (100% American), Thales Communications, Inc. is part of Thales.
 
Press contact: Sheila Gindes
Corporate Communications Manager
Phone: 240-864-7912
E-mail: sheila.gindes@thalescomminc.com
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