CMC Electronics
Encyclopedia
CMC Electronics Inc. is a Canadian
electronics company. The company's corporate head office is located in Montreal, Quebec, with additional facilities located in Ottawa, Ontario and Sugar Grove, Illinois
.
. 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.
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. 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.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
electronics company. The company's corporate head office is located in Montreal, Quebec, with additional facilities located in Ottawa, Ontario and Sugar Grove, Illinois
Sugar Grove, Illinois
Sugar Grove is a far west suburban Chicago village in Kane County, Illinois, United States. The population was 3,909 at the 2000 census. The population was 6,016 in the 2003 special census. The population was 7,958 in the 2005 special census...
.
History
The company was founded in 1903 as Marconi's Wireless Telegraph Company of Canada by Guglielmo MarconiGuglielmo Marconi
Guglielmo Marconi was an Italian inventor, known as the father of long distance radio transmission and for his development of Marconi's law and a radio telegraph system. Marconi is often credited as the inventor of radio, and indeed he shared the 1909 Nobel Prize in Physics with Karl Ferdinand...
. In 1925 the company was renamed Canadian Marconi Company. In 1948 English Electric
English Electric
English Electric was a British industrial manufacturer. Founded in 1918, it initially specialised in industrial electric motors and transformers...
purchased the UK based Marconi Company
Marconi Company
The Marconi Company Ltd. was founded by Guglielmo Marconi in 1897 as The Wireless Telegraph & Signal Company...
and in 1953 acquired 50.6% of Canadian Marconi Company.
In 1968 English Electric was itself purchased by The General Electric Company plc
The General Electric Company plc
The General Electric Company or GEC was a major British-based industrial conglomerate, involved in consumer and defence electronics, communications and engineering. The company was once a constituent of the FTSE 100 Index. It was renamed Marconi Corporation plc in 1999 after its defence arm,...
(GEC), which took control of the 50.6% share of CMC.
On November 30, 1999 British Aerospace
British Aerospace
British Aerospace plc was a UK aircraft, munitions and defence-systems manufacturer. Its head office was in the Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire...
completed its purchase of GEC's Marconi Electronic Systems
Marconi Electronic Systems
Marconi Electronic Systems , or GEC-Marconi as it was until 1998, was the defence arm of The General Electric Company . It was demerged from GEC and acquired by British Aerospace on November 30, 1999 to form BAE Systems...
to form BAE Systems
BAE Systems
BAE Systems plc is a British multinational defence, security and aerospace company headquartered in London, United Kingdom, that has global interests, particularly in North America through its subsidiary BAE Systems Inc. BAE is among the world's largest military contractors; in 2009 it was the...
. 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. 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.