CMC Electronics

Infobox_Company
company_name = CMC Electronics Inc.
company_type = Private company
foundation = Montreal, Québec (1903)
founder = Guglielmo Marconi
location_city = Saint-Laurent, Québec
location_country = Canada
key_people = Jean-Pierre Mortreux
industry = Avionics
products = FMS, EFB, Enhanced Vision System, GPS, Mission computer ,Satcom antenna
services = System integration, Human Factors
num_employees = ~1,300 worldwide
parent = Esterline Technologies Corporation NYSE|ESL
homepage = http://www.cmcelectronics.ca

CMC Electronics Inc. (CMC Électronique) is a Canadian electronics company.

History

The company was founded in 1903 as Marconi's Wireless Telegraph Company of Canada.cite web| url = http://www.cmcelectronics.ca/En/About/cmc_profile_en.html| title = CMC Electronics' Profile| accessdate = 2007-01-12| date = | year = | month = | publisher = CMC Electronics Inc.| language =English] In 1925 the company was renamed Canadian Marconi Company. In 1948 English Electric purchased the UK based Marconi Company and in 1953 acquired 50.6% of Canadian Marconi Company.

In 1968 English Electric was itself purchased by The General Electric Company plc (GEC), which took control of the 50.6% share of CMC.

The company's head office and main operations are in Montreal, Quebec; other operating facilities have been located in Cornwall and Kanata, Ontario. On November 30 1999 British Aerospace completed its purchase of GEC's Marconi Electronic Systems to form BAE Systems. In December 1999 BAE Systems purchased GEC's 51.6% share of CMC in a separate transaction. In February 2000 the company changed its name to BAE Systems Canada. In April 2001 ONCAP (an investment group comprising Onex Corporation and other investors) completed its purchase of BAE Systems Canada. This saw BAE Systems sell its then 54% majority share and ONCAP purchase the remaining 46% publicly held shares. The company was then renamed CMC Electronics since it had previously sold its rights for the Marconi name to Marconi plc. During the transaction from BAE Systems to ONCAP, the Tactical Communication Systems (TCS) department was sold to Ultra Electronics to get rid of any military activity as required by the ONCAP investment group. In 2007, after owning the company for 6 years, the investment time frame initially planned by ONCAP, CMC Electronics was sold to, and is now a wholly owned subsidiary of, the Esterline Corporation.cite web| url = http://www.esterline.com/investor/news2007/n-E325_07.stm| title = Esterline Technologies: Investor Relations| accessdate = 2007-08-21| date = | year = | month = | publisher = Esterline Corporation.| language =English]

References