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.

Sponsor

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

I'm Interested In: