Mercury Systems (MRCY) acquires Pentek streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Ross Wilkers
May 27, 2021
Two acquisitions caught our attention on Thursday that both highlight the narratives they are shaping about their role in the market.
Here are overviews of what these acquirers found and where they see the deals taking them.
Publicly-traded strategic deals again
Mercury Systems has acquired two businesses collectively known as Pentek for $65 million in a deal to expand the buyer’s lineup of ruggedized, commercial-off-the-shelf hardware offerings.
Pentek Technologies and Pentek Systems focus on software-defined radio and data acquisition boards, recording systems and subsystems for defense and commercial applications.
Andover, Massachusetts-headquartered Mercury said Thursday it expects the acquired businesses to generate approximately $20 million in revenue for its fiscal year ending July 1, 2022.