McKean Closes Buy of Systems Monitoring Tech Firm Mikros; Joseph Carlini Quoted

McKean Defense Group has wrapped up its purchase of Mikros Systems for approximately $4.6 million, or 13 cents per share, through a cash transaction first announced in November.

Chuck Bristow will continue to serve as president of Mikros, which develops software and hardware for condition-based, preventive and planned maintenance tasks, McKean Defense said Monday.

Joseph Carlini, CEO of McKean Defense, said that Mikros’ prognostics framework and SYM-3 monitoring technology for U.S. Navy littoral combat ships present a growth opportunity for the combined organization.

The deal was McKean’s first acquisition and part of its push to grow diagnostic analytics and systems monitoring offerings for the Navy.

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