TOP

Mercury Systems announced completion of its acquisition of Physical Optics Corporation (POC) on 30 December.

Pursuant to the terms of the earlier definitive agreement, Mercury acquired POC for a purchase price of $310 million (€252 million), subject to net working capital and net debt adjustments. The acquisition was funded through a combination of cash an existing revolving credit facility.

The acquisition is directly aligned with our strategy and will enable us to deliver more complete, pre-integrated avionics subsystems to our customers. We welcome the POC team to the Mercury family,” commented Mercury President and CEO, Mark Aslett.

Massachusetts-based Mercury Systems has grown significantly via the acquisition route in the last decade. (Photo: Mercury Systems, Inc.)

- Mönch Publications - Latest Issues -

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our privacy policy.

I agreeMore Information