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M&A Activity

Novume Closes Purchase of AI-Based Vehicle Recognition Tech Maker OpenALPR

Novume Solutions (Nasdaq: NVMM) has finalized its acquisition of artificial intelligence-based vehicle recognition software developer OpenALPR Technology for an undisclosed sum. Novume said Wednesday Matt Hill, founder and chief technology officer of OpenALPR, will serve as chief science officer at Novume. “By joining Novume, we will gain access to influential …

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TransDigm Closes $4B Esterline Purchase

TransDigm Group (NYSE: TDG) has concluded its approximately $4B purchase of Esterline Technologies (NYSE: ESL) in a push to expand its proprietary and sole-source content platform for defense and aerospace sectors. TransDigm initially announced the deal on Oct. 10 and the company said Thursday Esterline shareholders will get $122.50 in cash per …

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Cubic Eyes Protected Comms Portfolio Expansion With Nuvotronics Buy; Mike Twyman Quoted

Cubic (NYSE: CUB) has purchased microfabricated radio frequency systems provider Nuvotronics for approximately $64M in cash as part of efforts to expand its portfolio of protected communications technology offerings. Durham, N.C.-based Nuvotronics designs and builds antennas, combiners, filters and other RF devices using the PolyStrata technology developed by the company …

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DFW Capital Buys Majority Stake in Sev1Tech

DFW Capital Partners has purchased a controlling stake in Sev1Tech, an information technology services provider to the government and commercial sectors, to help drive the latter’s growth efforts. Sev1Tech said Thursday it aims to expand service offerings and pursue larger projects through the investment from the private equity group. The …

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NVIDIA Strikes $6.9B Deal to Buy Mellanox; Jensen Huang, Eyal Waldman Quoted

NVIDIA (Nasdaq: NVDA) agreed to acquire Mellanox Technologies (MLNX) for approximately $6.9B in a push to expand its footprint in the high-performance computing market. NVIDIA said Monday it will pay $125 in cash for each share of Mellanox through a deal, which is expected to close by the end of …

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Boeing Closes Acquisition of Mobile Aviation App Provider ForeFlight

Boeing (NYSE: BA) finalized its acquisition of web-based and mobile flight applications provider ForeFlight for an undisclosed sum as part of the company’s growth strategy. Ken Sain, vice president of digital solutions and analytics at Boeing, said in a statement published Wednesday the company will build on Foreflight’s accomplishments in …

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Cerberus Completes Purchase of Sparton; Dev Kapadia Quoted

Cerberus Capital Management completed its purchase of Sparton Corp., a defense and aerospace electromechanical device manufacturer, in a cash transaction worth approximately $18.50 per share. The deal was initially announced in mid-December. Sparton said Monday it stopped trading on the New York Stock Exchange following completion of the sale. Dev …

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Tyto Athene Buys Island IT Consultants to Expand Intell Community Services; Jeff Murray Quoted

Tyto Athene has acquired Island Information Technology Consultants for an undisclosed sum in a move to expand its intelligence community capabilities and form a mid-market mission critical technology platforms and services provider in support of government clients. “Decisions are made where information is consumed and therefore assuring information is presented in …

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Tammer Olibah, Michael Maples: Hexagon Acquisition Adds to Analytics, Geospatial Tech Offerings for Federal Sector

Hexagon’s federal business executives said they expect the pending acquisition of Thermopylae Sciences and Technology, a geospatial software vendor based in Arlington, Va., to help drive the adoption of location intelligence and five-dimensional analytics platforms within the unit’s customer base. Visualization products built by Thermopylae use the Google technology stack …

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FLIR Finalizes Endeavor Robotics Purchase; James Cannon Quoted

FLIR Systems (Nasdaq: FLIR) completed its acquisition of Endeavor Robotics from Arlington Capital Partners in a $382 million cash deal. Endeavor, formerly iRobot Defense and Security, will now operate as part of the unmanned systems and integrated solutions division of FLIR’s government and defense business unit, FLIR said Monday. James …

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