Author: Brenda Marie Rivers|| Date Published: January 4, 2021
Mercury Systems (Nasdaq: MRCY) has completed its $310M purchase of technology integrator Physical Optics Corp. as part of avionics and mission systems market push.
Both parties first announced the deal last month and Mercury said Wednesday it financed the acquisition using cash on hand and its existing revolving credit facility.
Mark Aslett, president and CEO of Mercury, said the deal aligns with the company’s strategic efforts to bring pre-integrated avionics subsystems to customers.
The POC purchase price includes net working capital and debt adjustments.
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