AirBoss of America‘s defense subsidiary has agreed to buy Rochester, New York-based wearable blast overpressure sensor provider BlackBox Biometrics for approximately $27 million in a move to expand survivability technology offerings for warfighters and first responders.
Landover, Maryland-based AirBoss Defense Group said Monday its Critical Solutions International business and B3 will merge upon the deal’s closure to form a division that will focus on developing integrated safety platforms intended to protect military and emergency response personnel.
Matt Boccia, president and CEO of B3, will serve as president of the future systems solutions division.
Canada-based AirBoss of America owns a minority stake in B3 and has exclusive rights to sell the Blast Gauge System to the U.S. defense market.
The system is comprised of three sensors that work to measure blast exposure impact on the wearer. CSI has been the global exclusive distributor of the technology since 2018.
Chris Bitsakakis, president of AirBoss, said the deal would present a new market opportunity for ADG as the company looks to expand into non-military segments.
“This acquisition will further our strategy of providing a diverse portfolio of protective equipment that spans the entire survivability spectrum for military, law enforcement, first responders, health care and other industries,” Bitsakakis added.
ADG expects to close the transaction in the second quarter of this year and will pay $7 million in cash upon completion of the deal, plus up to $20M in royalty payments over an eight-year period.