Deloitte Advises EF Johnson Technologies Acquisition
Deloitte Corporate Finance, together with Deloitte Tohmatsu Financial Advisory, acted as advisor to JVCKENWOOD Corporation in its acquisition of EF Johnson Technologies.
“This alliance brings key strengths together that will benefit our current and future public safety customers,” commented Haruo Kawahara, chairman and chief executive officer of JVCKENWOOD. “We now have complete turnkey P25 infrastructure capability, mission-critical P25 radios with multiband capability and value-focused P25 radios for a wider range of customers. With this complete P25 product portfolio and our market-leading NEXEDGE digital radio technology, we are poised to significantly increase our global market share in professional wireless communications.”
Deloitte advised the JVCKENWOOD management team in its efforts to analyze range of value, perform due diligence and negotiate terms throughout the transaction.
“We leveraged our extensive experience in the wireless communication industry to advise JVCKENWOOD throughout the deal lifecycle,” said Kevan Flanigan, national managing director, Deloitte Corporate Finance LLC.
Tokyo, Japan-based JVCKENWOOD operates four business segments: car electronics, professional systems, optical & audio and entertainment software.
EF Johnson focuses on P25 technology including both systems and portable/mobile two-way radios.