Taylor Wessing advises L-3 Communications on its acquisition of the Marine Controls division of CAE

Taylor Wessing has advised New York Stock Exchange listed, L-3 Communications on its acquisition of CAE's Marine Controls division.

The acquisition was first announced in February 2005 with the final portion of the acquisition recently closing.  This final portion was comprised of L-3's acquisition (by L-3 Communications Marine Systems UK Limited) of CAE's shares in joint venture vehicle, FAST Holdings Limited.

Headquartered in New York, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products.  Its customers include the Department of Defence, the Department of Homeland Security, selected US Government intelligence agencies and aerospace prime contractors.

The Taylor Wessing team comprised Sara Bradbury and David Kent (corporate) and Chen Ikeogu and Simon Lovell (finance). L-3 Communications were also advised by Iain Scott of Osler, Hoskin & Harcourt LLP in Canada.