CHICAGO, April 21, 2014 /PRNewswire/ -- Deloitte Corporate Finance LLC, together with Deloitte Tohmatsu Financial Advisory Co., Ltd. (collectively "Deloitte") acted as advisor to JVCKENWOOD Corporation ("JVCKENWOOD"), in its acquisition of EF Johnson Technologies, Inc.
"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 their 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.
JVCKENWOOD Corporation, a Tokyo Stock Exchange listed company, based in Tokyo, Japan, operates four business segments; Car Electronics, Professional Systems, Optical & Audio and Entertainment Software with a focus on its superior technologies in imaging, sound and radio technologies. Under its Professional Systems business segment, JVCKENWOOD's major products include land mobile radio equipment, video surveillance equipment, audio equipment, video equipment and display equipment. For more information visit JVCKENWOOD's website at www.jvckenwood.co.jp/en/.
About EF Johnson Technologies, Inc.
EF Johnson focuses on P25 technology including both systems and portable/mobile two-way radios. EF Johnson's ATLAS® P25 Systems Solution is a reliable, cost-efficient system available in the communications marketplace. Their radios are used throughout the world by military, police, fire, paramedics, and homeland security personnel. For more information visit EF Johnson's website at www.efjohnsontechnologies.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Deloitte Corporate Finance LLC provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. Deloitte Corporate Finance LLC has access to the resources of the Corporate Finance Advisory practices of the member firms (and their affiliates) within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance LLC, these practices include in excess of 1,600 professionals, working collaboratively in 150 international locations. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.