Advantest

Transactions involving this organisation as the acquired company or a deal participant. “Participant” means the source gives no buyer or seller role. Each entry names up to four parties; the acquired company is not separately identified.

• Merger/Acquisition · Corporate Divestiture
  Source-recorded event year: 2019 · Completed

  Announced cash base: $100.0M. Astronics February 2019 8-K, Item 2.01

  • First earnout: capped at $35.0M; performance period 2019–2022. Astronics FY2019 10-K, Note 22
  • Second earnout: uncapped; performance period 2019–2022. Astronics FY2019 10-K, Note 22

  Seller-reported cash receipts:

  • Initial sale proceeds: $103.8M; received 2019. Astronics FY2019 10-K, Note 22
  • Earnout for 2020 performance: $10.7M; received early January 2022. Astronics FY2023 10-K, Divestitures and Note 21
  • Earnout for 2021 performance: $11.3M; received Q1 2022. Astronics FY2023 10-K, Divestitures and Note 21
  • Earnout for 2022 performance: $3.4M; received Q1 2023. Astronics FY2023 10-K, Divestitures and Note 21

  No earnout was payable for 2019 performance. Astronics FY2023 10-K, Divestitures and Note 21

  No further earnout eligibility, according to Astronics FY2023 10-K, Divestitures and Note 21.

  • Seller-reported completion: 2019-02-13. Astronics February 2019 8-K, Item 2.01
  • Seller completion announcement: 2019-02-14. Astronics February 2019 8-K, Item 2.01
  • Buyer-reported acquisition: 2019-02-14. Advantest FY2018 annual report, section 32
  Acquirer: Advantest; Seller: Astronics