Carter Bond is delighted to announce it advised on sale of Pulse Power and Measurement Limited (PPM) to BAE Systems plc.

Carter Bond Solicitors were instructed to advise on the company’s share sale to BAE Systems plc.

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, military and communications sector, cyber security and commercial test and research markets in both the UK and USA.

Reena Popat at Carter Bond led the corporate transaction on behalf of PPM said, “It was a pleasure working with both PPM and also BAE Systems and I’m looking forward to see what the future holds as the company continues to grow from strength to strength”.

‘You have been brilliant all the way through, and a cool calm and collected force through all of the turbulence that happens in these acquisition transactions!’ Neil Seager – Director of Pulse Power and Measurement Limited.

Matt Barratt, Head of M&A – Air Sector for BAE Systems said “This transaction was completed at pace, despite the obvious challenges imposed by Covid-19, thanks to the agility displayed by all parties and the respective adviser teams. We look forward to working with PPM to realise our joint ambitions”.

About PPM

Based in Shrivenham, 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.

“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”. Martin Ryan, Managing Director, Pulse Power & Measurement Ltd

About BAE Systems

BAE Systems plc is a British multinational arms, security, and aerospace company. Its headquarters are in London and Farnborough in the United Kingdom with operations worldwide. The company is the largest defence contractor in Europe and among the world's largest defence companies.

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."

About Carter Bond

Carter Bond Solicitors is a specialist corporate commercial law firm serving clients both nationally and internationally. The firm take a proactive commercial approach, which is paramount and often means the difference between getting a deal done and not. www.carterbond.co.uk