AirBoss completes acquisition of BlackBox Biometrics
AirBoss completes acquisition of BlackBox Biometrics
Rubber & Plastics News Staff
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NEWMARKET, Ontario AirBoss of America Corp. s deal to acquire BlackBox Biometrics Inc. (B3) is now complete.
BlackBox makes wearable blast overpressure sensors that are used by military and law enforcement personal.
AirBoss, based in Newmarket, paid $7 million cash and will pay up to $20 million in royalties over the next eight years based on revenue from BlackBox Biometrics products, the new owner said.
Critical Solutions International (CSI), a unit of AirBoss, has been the exclusive distributor of the Blast Gage System since 2018.
The acquisition will join with CSI to form the newly created Systems Solutions Division. Current B3 CEO Matt Boccia will head the new division and the company s headquarters and primary manufacturing and research and development will stay in Rochester, N.Y.