New ownership will enable San Diego company to expand its global reach for its rugged computer systems to defense and industrial customers
CP Technologies’ rugged and custom solutions for computer hardware and displays will provide Aeronautics with complete end to end solutions for its integrated products in the US and throughout its global operations.
“In return, this acquisition gives CP Technologies access to Aeronautics’ global markets, investment in new products, infrastructure and to leverage their supply chain, so that CP Technologies can provide better support and value to its customers,” says Michael McCormack, CEO & President of CP Technologies, “CP Technologies will be staying in our San Diego offices and plans on expanding its product offering and services on a global basis.
Aeronautics provides innovative and ground-breaking solutions to the defense products markets through its Unmanned Aerial Systems (UAS) solutions. As one of the largest defense companies in Israel, Aeronautics sees its acquisition of CP Technologies as a perfect fit to its portfolio of companies.
“The acquisition of CP Technologies enables us to operate in the US and get combined orders from both Israel and US customers,” according to Aeronautics CEO Amos Matan. “Aeronautics plans to utilize its global marketing and sales infrastructure for the acquired company’s products, and also to expand CP Technologies’ activity.”
About Aeronautics Ltd
Since its foundation as an Israeli hi-tech incubator and technology startup in 1997, Aeronautics has grown to become a world leader in the field of UAS-based defense and security. Among Aeronautics achievements were the first ‘pay per view’ UAS outsourcing service awarded by the IDF in 2000, fielding Mini UAS in maritime applications, the introduction of the Small Tactical UAS category with Orbiter 3 in 2009, and the conversion of general aviation aircraft (DA42) into a Medium-Altitude Long Endurance (MALE) drone in 2011.
About CP Technologies
CP Technologies is a designer and manufacturer of rugged computers, LCD displays, storage arrays that are designed and assembled in the USA for Military and Industrial applications. CP Technologies was founded by Dave Lippincott and Steve Travis in 1997 and has been at the forefront of Rugged and Custom Computer and LCD technology serving the DoD and Industrial markets. CP Technologies will continue to support its customers under the CP Technologies name and offering widening solutions in the future.