Networks Electronic Company has been acquired by ESCO Technologies

The shareholders of Networks Electronic Company, LLC (NEco) have sold the company to ESCO Technologies Inc. (NYSE: ESE).

NEco provides miniature electro-explosive components and subsystems supporting mission, flight, and life-critical applications to the aerospace and defense end-markets. Its products are used in aircraft and missiles to perform a variety of functions, including aircrew escape, stores release, fire suppression and device ignition and detonation. NEco is based in Chatsworth, California.

Headquartered in St. Louis, Missouri, ESCO manufactures highly engineered filtration and fluid control products for the aviation, Navy, space and process markets worldwide, as well as composite-based products and solutions for Navy, defense and industrial customers. ESCO is the industry leader in RF shielding and EMC test products, and provides diagnostic instruments, software and services for the benefit of industrial power users and the electric utility and renewable energy industries.

Oaklins’ team in Irvine, California, acted as lead advisor to the seller and the management of NEco in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers and assisted them until closing.