Powering the Future: The Materials That Make Tomorrow Possible
Global Sourcing Spotlight: Supplier Audits—Ensuring Compliance in Global Sourcing
Nolan’s Notes: Welcome to a Strong 2026!
Ultra Electronics to Acquire Sparton
July 7, 2017 | Sparton Corp.Estimated reading time: 1 minute
Sparton Corp. had entered into a merger agreement with Ultra Electronics Holdings plc, pursuant to which Ultra will acquire Sparton for $23.50 per share in cash.
"This transaction is the result of the significant time and effort the company has invested in its previously announced process to explore strategic alternatives, including a potential acquisition of Sparton," said Joseph J. Hartnett, Interim President & Chief Executive Officer of Sparton. "We are pleased to have successfully concluded our process with a transaction that delivers significant value to the shareholders of Sparton."
The Board of Directors of Sparton unanimously approved the transaction. The transaction is subject to customary closing conditions, including regulatory clearances and approval of Sparton's and Ultra's respective shareholders, and is expected to close no later than January 1, 2018.
Additional details regarding the transaction will be set forth in a proxy statement that will be sent by Sparton to its shareholders in advance of the special meeting at which Sparton's shareholders will be asked to approve the transaction.
Wells Fargo Securities LLC and Raymond James & Associates Inc. acted as financial advisors to Sparton. Mayer Brown LLP acted as legal counsel to Sparton.
About Sparton Corp.
Sparton Corp., now in its 117th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has thirteen manufacturing locations and engineering design centers worldwide. Sparton’s Web site may be accessed here.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Vertical Aerospace Strengthens Leadership Team with Powertrain, Data and People Appointments
01/08/2026 | BUSINESS WIREVertical Aerospace, a global aerospace and technology company pioneering electric aviation, today announced the appointments of Ollie Roberts as Chief People Officer (CPO), Juan Carlos Sacristan as Chief Data & Information Officer (CDIO), and Richard Moore as Vice President, Powertrain.
Starfighters Space Completes Supersonic Test Flights for GE Aerospace
01/06/2026 | BUSINESS WIREStarfighters Space, Inc., the innovative aerospace company, owner and operator of the world's largest fleet of commercial supersonic aircraft, announced that it recently completed a successful supersonic flight test campaign for GE Aerospace, in which a Starfighters aircraft carried and flew an advanced propulsion test vehicle multiple times at supersonic speeds.
Hanwha Aerospace Signs Contract to Produce Chunmoo Missile in Poland
01/06/2026 | Hanwha AerospaceHanwha Aerospace has signed an approximately $4 billion (PLN 14 billion) executive contract with the Polish Armament Agency on December 29 for the supply of Chunmoo CGR-080 guided missiles.
GKN Aerospace, Anduril Sign UK Defence UAV Agreement
12/30/2025 | GKN AerospaceGKN Aerospace announced a new strategic teaming agreement with leading autonomous platform provider Anduril Industries UK to accelerate the development of advanced uncrewed aerial vehicles (UAV) and rotorcraft technologies for UK defence programmes.
Vertical Aerospace Doubles Flight Test Capacity With Final Prototype
12/26/2025 | BUSINESS WIREVertical Aerospace, a global aerospace and technology company that is pioneering electric aviation, today announced that its third and final full-scale prototype aircraft has been completed and will begin piloted flight testing following commissioning in January 2026.