Upper Saddle River electronics maker acquired for $65M
The Massachusetts-based aerospace and defense company has bought an electronics maker in Upper Saddle River for $ 65 million, it announced this week.
Mercury Systems Inc. pays cash Pentek Technologies LLC and Pentek Systems Inc.who design and make commercially ready software-defined radio and data collection boards, recording systems and subsystems for high-end commercial and defense applications, the company said in a news release.
“I am excited to be able to bring new capabilities to Mercury’s impressive combination of pre-integrated subsystems in support of numerous aerospace and defense programs and platforms,” Pentek Vice President Roger Hosking said in a statement. “Our business-oriented business model will provide a diverse portfolio of building blocks, allowing low-risk expansion of content at module and subsystem levels.
“In addition, there is an excellent strategic and cultural fit between the two businesses with a common focus on innovation that matters.”