Author: Angeline Leishman|| Date Published: January 20, 2022
ACR Group, a provider of satellite-based tracking, communications and location products and services, has acquiredTRX Systems, a U.S. Army contractor for dismounted assured positioning, navigation and timing system.
David Knowles, CEO and president of ACR Group, said in a statement published Wednesday the TRX offerings will add to the company’s current assured PNT capabilities, which are needed by the defense and public safety sectors.
The portfolio now includes GPS-independent radio frequency and inertial location, multi-global navigation satellite systems support and multi-sensor fusion.
“TRX multi-sensor fusion products complement the extensive satellite communications and PNT portfolio within ACR Group,” said TRX Systems President Carol Politi.
She added that the company could benefit from ACR Group’s access to satellite technologies and broad customer base following the transaction.
As part of the deal, TRX will keep its management team, branding, facilities, sales and engineering expertise.
The developer will also retain its products including the TRX DAPNT System, which is set to replace the Army’s Defense Advanced GPS Receiver.
Veritas Capital announced that affiliates of its Vantage Fund have agreed to acquire artificial intelligence-enabled digital transformation services provider MetroStar…
Virtualitics announced on LinkedIn Saturday that Nicole Diresta has been appointed vice president for public policy and planning. Diresta will oversee initiatives…
J2 Ventures has closed its $250 million Brookhaven Fund, an oversubscribed early-stage investment vehicle focused on dual-use technologies critical to…