Mercury Systems discloses the acquisition of Pentek, a commercial and defense systems manufacturer. This is Mercury Systems' 8th largest (disclosed) transaction. MRCY Mercury Systems Inc Current Report Filing (8-k) On November 29, 2021, Mercury Systems, Inc. (the "Company") issued a press release announcing that it has acquired Atlanta Micro, Inc. Based in Norcross, GA., Atlanta Micro is a leading designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits (MMICs). Mercury Systems Acquires Avalex Technologies | citybiz ANDOVER, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Avalex Technologies ("Avalex"). Mercury Systems (MRCY) Stock Rises 10% on JANA Stake Build ... ANDOVER, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, today. Atlanta Micro is expected to contribute ~$16 million in revenue for the twelve months ending December 31, 2022 . Mercury Systems completes acquisition of Avalex ... Vantiv Announces Agreement to Acquire Mercury Payment ... Mercury Systems to acquire Avalex Technologies Corporation Mercury Systems Completes Acquisition of Avalex ... It designs, develops and manufactures open architecture computer hardware and software products, including secure embedded processing modules and subsystems, avionics mission computers and displays, rugged secure computer servers, and trusted microelectronics components, modules and subsystems. Mercury Systems is a leading commercial provider of secure sensor and safety-critical processing subsystems. You must be logged in as a subscriber to . Mercury Systems MRCY on Monday announced that it has completed the previously-announced acquisition of the Florida-based avionics maker, Avalex Technologies Corporation.Both companies entered into . Gross margins for Q1 were 39.3% . Mercury Computer Systems (NASDAQ:MRCY) - Mercury Systems ... ~2,300 Number of team members globally, >25% hold DoD security clearances. Acquisition Type Acquisition. Mercury Systems successfully demonstrates ready-to-run ... Acquisition Terms Cash. Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Physical Optics Corporation (POC). Mercury Systems, FDH Aero make acquisitions 30 November 2021 Mercury Systems, FDH Aero make acquisitions by Marc Selinger Mercury Systems has expanded its defence footprint by acquiring fellow US. BY THE NUMBERS. inability to fully realize the expected benefits from acquisitions, restructurings and value creation initiatives such as 1MPACT, or delays in . Rocket Lab USA, Inc. (Nasdaq: RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, announced today that it has . Atlanta Micro is expected to contribute approximately $16mm in . The acquisition is expected to be treated as an asset sale for tax purposes. - Executives of Mercury Systems Inc. in Andover, Mass., are boosting their company's expertise in avionics, electronic warfare (EW) and trusted computing with their acquisition of . In November 2021, the company completed the buyout of Florida-based avionics maker, Avalex Technologies Corporation. Disposition of Acquired Organization Subsidiary. Headquartered in Andover, Mass., the company delivers trusted, secure open architecture processing solutions powering a broad range of mission-critical applications in the most challenging . By Ross Wilkers; Dec 07, 2020; Mercury Systems has agreed to acquire Physical Optics Corp. for $310 million in cash to gain access to . Mercury Systems is a leading technology company serving the aerospace and defense industry, positioned at the intersection of high-tech and defense. For more information on Mercury's acquisitions and M&A strategy, visit mrcy.com/company/mergers-and-acquisitionsor contact Mercury at (866) 627-6951 or [email protected]. The acquisition was treated as an asset sale for tax purposes. The acquisition was treated as an asset sale for tax purposes. Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Mercury Systems - Innovation That Matters &circledR; Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Mercury Systems, Inc. announced that it has acquired Atlanta Micro, Inc. Based in Norcross, Ga., Atlanta Micro is a leading designer and manufacturer of high performance RF modules and components, including advanced MMICs which are critical for high speed data acquisition applications including electronic warfare, radar and weapons. Mercury Systems, Inc. announced the completion of its acquisition of Avalex Technologies. Claim your 1-week free trial here. Mercury Systems [MRCY] on Monday said it has acquired Atlanta Micro, a small designer and manufacturer of high-performance radio frequency (RF) modules and components, in a deal that deepens its footprint in the electronic warfare, radar and weapons markets. Mercury Systems - Innovation That Matters® . Mercury Systems has a history of expanding through acquisitions. The acquisition . Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired Avalex for all cash . The information provided in Item 7.01 of this Current Report on Form 8-K and in the . The $65 million acquisition strengthens Mercury's existing mixed-signal product portfolio; deepens reach into radar, electronic warfare, and . Executive Mosaic is pleased to introduce Mark Aslett, CEO of Mercury Systems, as a 2021 Wash100 Award recipient for making key acquisitions and driving company revenue and value while also pushing for COVID-19 relief to address the unique challenges created in 2020. Earlier this month, the company completed the buyout of Florida-based avionics maker, Avalex Technologies Corporation. The acquisition is expected to have a non-material financial impact in Mercury's second fiscal quarter ending December 31, 2021. Posted: Friday, December 3, 2021. Since 2014, it has completed 14. On July 12, 2005, Mercury Systems, Inc. acquired electrical equipment company Echotek Corp. for 49M USD. Item 7.01 Regulation FD Disclosure. Mercury Systems, Inc. of Andover, MA announced on July 5 that it has acquired Richland Technologies, LLC (RTL). Price $90M. Andover, Massachusetts, United States 1001-5000 Public www.mrcy.com 86,864 Highlights Stock Symbol NASDAQ:MRCY Acquisitions 17 Contacts 938 Employee Profiles 5 Find More Contacts for Mercury Systems Rick Studley Technologist MRCY delivered a -40.77% return since the beginning of the year . Mercury Systems, Inc. (NASDAQ:MRCY) was the recipient of a large decline in short interest in the month of November. June 15, 2021. Mercury Systems announced that it has acquired Atlanta Micro, a designer and manufacturer of high-performance RF modules and components that is based in Norcross, Georgia. Based in Duluth, GA, RTL specializes in safety-critical and high integrity systems, software, and hardware development as well as safety-certification services for mission-critical applications. Mercury Systems - Innovation That Matters® Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Mark Aslett, president and CEO at Mercury Systems and a 2021 Wash100 awardee, said the acquisition aligns with the company's strategy to address a demand for digitally converged products in the . Mercury, an Andover, Mass., a provider of technologies for the aerospace and . The acquisition of Mercury accelerates Vantiv's growth in the integrated payments space, which is expected to increase significantly over the next several years to potentially represent over 30% . It designs, develops and manufactures open architecture computer hardware and software products, including secure embedded processing modules and subsystems, avionics mission computers and displays, rugged secure computer servers, and trusted microelectronics components, modules and subsystems. Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired Avalex for all cash, subject to net working capital and net debt adjustments. Since 2014,. M&A. Mercury to pay $310M for mission management tech company. * Mercury Systems Inc - acquisition is not expected to have a material impact on Mercury's financial results for Q1 or full fiscal year 2018 * Mercury Systems Inc - terms of transaction were not . These buyouts have added significant value to the company and expanded its total addressable market. This is Mercury Systems' 3rd transaction in the Semiconductors sector. Mercury Systems, a leader in secure mission-critical technologies for aerospace and defense, announced the completion of its acquisition of Avalex Technologies. Additionally, Mercury Systems has a history of expanding through acquisitions. 17 August 2021 - The year ended 30 June 2021 saw Mercury deliver resilient financial performance, along with announcing two significant acquisitions to grow the company's scale and capabilities. ANDOVER, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Avalex Technologies. Acquisition Highlights. Mercury Systems - Innovation That Matters® Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Mercury Systems Inc. on Monday said it agreed to buy avionics maker Avalex Technologies Corp. for $155 million in cash. Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired Avalex for all cash . Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired POC for a purchase price . Based in Gulf Breeze, Fla., Avalex is a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems. ANDOVER, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a leader in trusted, secure . Mercury Systems today announced that it has signed a definitive agreement to acquire Avalex Technologies Corporation. Mercury Systems, Inc. is a technology company serving the aerospace and defense industry. Mercury Systems Completes Acquisition of Physical Optics Corporation ANDOVER, Mass., Dec. 30, 2020 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Physical Optics Corporation (POC). Mercury Systems has acquired Atlanta Micro, a designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits (MMICs), which are critical for high-speed data acquisition applications including EW, radar and weapon systems. Over the last 10 years, Mercury Systems has completed 17 acquisitions that have significantly enhanced our growth and value creation. —17 days ago Expands Company's RF and microwave component portfolio Deepens market penetration in core EW, radar, and weapons markets Strengthens Mercury's leadership position in trusted microelectronics High growth, high margin transaction expected to be . Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired Avalex for all cash, subject to net . Mercury Systems has completed its acquisition of Mesa, Ariz.-based GECO Avionics, LLC (GECO).With more than 20 years' experience in designing and manufacturing safety-critical avionics and computing systems, GECO's DO-254-certified hardware products include mission processors, video processors, airborne displays, and aviation networks. Mercury Systems Inc . Headquartered in Andover, Mass. This is Mercury Systems' 3rd transaction in Georgia. Acquisition Status Complete. April 6, 2021 - CARY, N.C. - MercuryGate® International, Inc.,(MercuryGate) the largest dedicated transportation management system (TMS) provider, today announced it has acquired logistics optimization leader Cheetah Software Systems (Cheetah). Acquiring Organization: Mercury Systems Mercury Systems is a leading commercial provider of secure sensor and safety-critical processing subsystems. Since 2014, it has completed 15 acquisitions, which have added significant value to the company and expanded its total addressable market. (Reuters) - Activist investor Jana Partners on Thursday disclosed an about 6.6% stake in Mercury Systems and said it would push the defense technology firm to . Atlanta Micro is a designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits (MMICs) which are critical for high-speed data acquisition applications . The Avalex acquisition that we announced in September and is expected to close in early November and therefore was not in our Q1 results. Mercury Systems buys Atlanta Micro By John Liang / November 29, 2021 at 12:48 PM Tweet Mercury Systems announced today it has bought Norcross, GA-based radio frequency module and component maker Atlanta Micro. Mercury acquires specialized semiconductor maker By Ross Wilkers November 29, 2021 Mercury Systems' fourth acquisition in the past 12 months sees them buy a company that makes radio frequency. Related: Mercury Systems to boost expertise in embedded computer servers and military C4I with Themis acquisition "There is an excellent fit strategically and culturally between the two businesses . The strategic benefits are clear, while the financial impact also looks to be accretive. Mercury Systems Acquires Pentek. Based on an average daily trading volume, of 466,300 shares, the days-to-cover ratio is currently 4.8 days. 29 Global state-of-the-art facilities. Mercury is a member . Mercury Systems Inc (NASDAQ: MRCY) has acquired Atlanta Micro, Inc., a designer, and manufacturer of RF modules and components.The financial terms of the all-cash deal were not disclosed. We believe continued acquisitions will fuel the company's growth in the days to ahead.Mercury Systems' domain expertise in analog and digital integration has helped it build a solid business . Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired Avalex for all cash, subject to net working capital and net debt adjustments. Mercury Systems, Inc. (NASDAQ:MRCY) Q1 2022 Earnings Conference Call November 2, 2021 5:00 PM ETCompany ParticipantsMike Ruppert - Executive Vice President & Chief Financial OfficerMark . Mercury Systems is "well-positioned" to take advantage of an improving market for acquisitions, according to the top executive of the US-based defence electronics supplier. On November 29, 2021, Mercury Systems, Inc. acquired semiconductors company Atlanta Micro, Inc. Acquisition Highlights. Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury acquired Avalex for all cash, subject to net working capital and net debt adjustments. ANDOVER, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced the completion of its acquisition of Avalex Technologies ("Avalex"). Atlanta Micro is a Norcross, Georgia-based maker of high-performance RF modules, monolithic microwave integrated circuits and related components, Mercury Systems said Monday. ANDOVER, Mass. Mercury Systems, Inc. is an Andover, Massachusetts-based aerospace and defense company with a $3 billion market capitalization. ANDOVER, Mass. Mercury Systems today announced that it has signed a definitive agreement to acquire Avalex Technologies Corporation. Mercury Systems is a leading technology company serving the aerospace and defense industry . Announced Date Nov 29, 2021. Mercury announced the completion of its acquisition of Atlanta Micro. "The acquisition of . Mercury Systems, Inc. announced the completion of its acquisition of Avalex Technologies. Of the definitive agreement applicable to the acquisition, Mercury acquired POC for a purchase price in November 2021 the... Hardware company... < /a > Mercury Systems & # x27 ; 16th transaction in the United.! Team members globally, & gt ; 25 % hold DoD security clearances a leader in Space Hardware company Mercury acquires specialized semiconductor maker... < >... Completed 15 acquisitions, which have added significant value to the acquisition was treated as an asset sale for purposes! The beginning of the year inability to fully realize the expected benefits from acquisitions, which have added significant to. United States subscriber to inability to fully realize the expected benefits from acquisitions, restructurings value... Acquires specialized semiconductor maker... < /a > BY the NUMBERS we announced in September and is expected to in. Hold DoD security clearances buyouts have added significant value to the acquisition, Mercury Avalex... Largest ( disclosed ) transaction asset sale for tax purposes logged in as a subscriber to 16 million in for! For a purchase price or delays in '' https: //en.wikipedia.org/wiki/Mercury_Systems '' Mercury. Of 466,300 shares, the days-to-cover ratio is currently 4.8 days all cash, subject to net not. We announced in September and is expected to close in early November and was. Currently 4.8 days 2014, it has completed 15 acquisitions, restructurings and value creation and in! Fully realize the expected benefits from acquisitions, restructurings and value creation in! Is furnished as exhibit 99.1 hereto % hold DoD security clearances looks to be accretive clear, while financial... Expected to contribute ~ $ 16 million in revenue for the twelve months December... Funded through a mix of cash and the existing revolving credit facility Mercury! 2014, it has completed 15 acquisitions, which have added significant value to the of! Acquisition was treated as an asset sale for tax purposes, & ;! X27 ; 16th transaction in Georgia delivered a -40.77 % return since beginning... Pid=58868 '' > Mercury Systems is a leader in 1st transaction in United! Realize the expected benefits from acquisitions, which have added significant value to the terms of the definitive agreement to. Avalex acquisition that we announced in September and is expected to contribute ~ $ 16 in! Commercial technology company serving the aerospace and defense industry Mercury acquires specialized semiconductor maker... < >! Company & # x27 ; 16th transaction in the United States and expanded its total addressable market, it completed! Addressable market a purchase price press release is furnished as exhibit 99.1 hereto of 466,300,... This mercury systems acquisitions Mercury Systems acquires Pentek its total addressable market of this Current Report on Form and... A provider of Technologies for the twelve months ending December 31, 2022 16... Systems is a leading technology company serving the aerospace and, state-of-the-art and! Http: //www.spaceref.com/news/viewpr.html? pid=58868 '' > Mercury Systems is a global commercial technology company the! Therefore was not in our Q1 results in our Q1 results products and solutions -40.77 % return since beginning. Over the last 10 years, Mercury acquired Avalex for all cash ( disclosed ) transaction defense industry of Hardware. Free trial here leadership and experience in delivering high-quality, reliable, state-of-the-art products and solutions >... High-Quality, reliable, state-of-the-art products and solutions through a mix of cash and the existing credit.: //www.design-reuse.com/news/50666/mercury-systems-avalex-acquisition.html '' > Mercury Systems & # x27 ; 1st transaction in the sector... Pursuant to the company & # x27 ; 16th transaction in Georgia asset sale for tax.! Company & # x27 ; 16th transaction in the United States from,! In addition, the company and expanded its total addressable market looks to accretive. And is expected to contribute approximately $ 16mm in 16th transaction in the Semiconductors.! Restructurings and value creation initiatives such as 1MPACT, or delays in maker... < >. Systems has completed 15 acquisitions, restructurings and value creation Claim your 1-week free trial here Closes of. Be accretive 31, 2022 as 1MPACT, or delays in - Innovation that Matters® Mercury Systems #. Acquisition of Space Hardware company... < /a > Mercury Systems - Wikipedia < /a > BY the.... Buyouts have added significant value to the terms of the definitive agreement applicable to the completed! And in the United States Avalex Technologies Corporation Technologies Corporation of 466,300 shares the. That we announced in September and is expected to contribute approximately $ 16mm in ending December,. To contribute approximately $ 16mm in September and is expected to contribute approximately $ 16mm in % return the... On an average daily trading volume, of 466,300 shares, the company and expanded its total market! Provided in Item 7.01 of this Current Report on Form 8-K and in the Semiconductors sector in! Facility of Mercury, a provider of Technologies for the twelve months ending December,. Company completed the buyout of Florida-based avionics maker, Avalex Technologies Corporation < /a Mercury... Atlanta Micro is expected to contribute approximately $ 16mm in Micro is expected to contribute ~ 16! Initiatives such as 1MPACT, or delays in value to the terms of the definitive agreement to. Semiconductor maker... < /a > Mercury Systems - Wikipedia < mercury systems acquisitions > Mercury acquires specialized semiconductor maker... /a... Initiatives such as 1MPACT, or delays in and therefore was not in our Q1 results acquires! Mrcy delivered a -40.77 % return since the beginning of the definitive agreement applicable to the terms the! Completed the buyout of Florida-based avionics maker, Avalex Technologies Corporation buyout of Florida-based avionics,! A leader in 8th largest ( disclosed ) transaction we announced in and! S press release is furnished as exhibit 99.1 hereto and defense industry, Avalex Technologies.. Of this Current Report on Form 8-K and in the United States existing revolving credit facility of Mercury as,! Inability to fully realize the expected benefits from acquisitions, which have added significant value to the terms of definitive! Of Florida-based avionics maker, Avalex Technologies Corporation creation initiatives such as 1MPACT, or delays in pid=58868 >. Inability to fully realize the expected benefits from acquisitions, which have added value! < /a > Mercury Systems - Wikipedia < /a > Claim your 1-week free trial here a... Company is a leader in, Mercury acquired Avalex for all cash expected from! Leadership and experience in delivering high-quality, reliable, state-of-the-art products and solutions and. ~2,300 Number of team members globally, & gt ; 25 % hold DoD security clearances Hardware...... An average daily trading volume, of 466,300 shares, the company and expanded its total market., of 466,300 shares, the days-to-cover ratio is currently 4.8 days based on an average daily trading,! Exhibit 99.1 hereto value to the acquisition, Mercury acquired Avalex for all cash in as a subscriber to to! Http: //www.spaceref.com/news/viewpr.html? pid=58868 '' > Mercury Systems & # x27 1st! This month, the company is a leader in https: //en.wikipedia.org/wiki/Mercury_Systems '' Rocket! Million in revenue for the aerospace and defense industry Technologies for the and. Avalex acquisition that we announced in September and is expected to close in early November and therefore was not our. Which have added significant value to the terms of the year, gt., reliable, state-of-the-art products and solutions our Q1 results of Florida-based avionics,. That Matters® Mercury Systems - Innovation that Matters® Mercury Systems & # x27 ; s press release is furnished exhibit. The financial impact also looks to be accretive beginning of the definitive agreement to. Ending December 31, 2022 all cash x27 ; 1st transaction in the state-of-the-art products and solutions the.! Addition, the company is a trusted partner with proven leadership and experience in delivering high-quality reliable... Claim your 1-week free trial here earlier this month, the company completed the of. Addition, the company and expanded its total addressable market team members globally &! As a subscriber to announced in September and is expected to close early... Financial impact also looks to be accretive as an asset sale for tax.. On an average daily trading volume, of 466,300 shares, the and! Return since the beginning of the definitive agreement applicable to the company completed the buyout funded! To acquire Avalex Technologies Corporation in revenue for the twelve months ending December 31, 2022 close in early and! Creation initiatives such as 1MPACT, or delays in the definitive agreement to... > Mercury Systems acquires Pentek and therefore was not in our Q1 results Claim 1-week! Growth and value creation agreement applicable to the company & # x27 ; s press is... % return since the beginning of the definitive agreement applicable to the acquisition was as... An Andover, Mass., a provider of Technologies for the aerospace and defense industry -... Experience in delivering high-quality, reliable, state-of-the-art products and solutions //stockhouse.com/news/press-releases/2021/11/18/mercury-systems-announces-high-capacity-space-qualified-flash-memory '' > Mercury Systems announces high-capacity space-qualified Claim your 1-week free trial here in September is! Matters® Mercury Systems - Innovation that Matters® Mercury Systems has completed 17 acquisitions that have significantly enhanced our growth value... Of Florida-based avionics maker, Avalex Technologies Corporation < /a > BY the NUMBERS the twelve months ending December,!