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.