Jean-Yves Courtois, Orolia CEO, said in a statement published Tuesday the acquisition seeks to reinforce the company’s position as an assured positioning, navigation and timing technology platforms provider and build up its ability to deliver end-to-end systems.
“Reliable PNT data are critical for communications, sensors, network synchronization, situational awareness, command and control or search and rescue missions,” Courtois noted.
Established in 2006, Orolia delivers PNT platforms to defense, aerospace and government clients and operates with over 425 employees and offices in the U.S., U.K. and Switzerland, among other countries.
Orolia said it expects the transaction to expand its U.S. footprint, broaden its portfolio of PNT offerings for mission-critical applications and deliver capabilities to U.S. government clients.
The deal is subject to customary closing conditions and required clearances by the Committee on Foreign Investment in the U.S. and the U.S. Defense Security Service.