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.
AirBoss
Blast gauge systems monitor, record and analyze blast and impact events for the military, first responders and athletes.
AirBoss Defense Group is taking another giant step toward expanding its presence in the global military and health care markets while branching out further into non-military sectors.
A subsidiary of Newmarket, Ontario-based AirBoss of America Corp., ADG will acquire 100 percent of BlackBox Biometrics Inc., the developer and producer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by the U.S. Army, special forces and SWAT teams.
AirBoss, which rode into 2021 with strong momentum thanks to record revenues in 2020, holds a minority interest in BlackBox Biometrics, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military.
AirBoss
Blast gauge systems monitor, record and analyze blast and impact events for the military, first responders and athletes.
NEWMARKET, Ontario AirBoss Defense Group is taking another giant step toward expanding its presence in the global military and health care markets while branching out further into non-military sectors.
A subsidiary of Newmarket-based AirBoss of America Corp., ADG will acquire 100 percent of BlackBox Biometrics Inc., the developer and producer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by the U.S. Army, special forces and SWAT teams.
AirBoss, which rode into 2021 with strong momentum thanks to record revenues in 2020, holds a minority interest in BlackBox Biometrics, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military.
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NEWMARKET, Ontario AirBoss Defense Group will acquire 100 percent of BlackBox Biometrics Inc., developer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by U.S. special forces, Army and SWAT teams.
The subsidiary of Newmarket-based AirBoss of America Corp. currently holds a minority interest in in BlackBox, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military.
Under terms of the purchase agreement, AirBoss will acquire full ownership of BlackBox for up to $27 million, to be satisfied through $7 million in cash upon closing of the transaction and up to $20 million in royalties over eight years, based on revenues earned by ADG from B3 products. The deal is subject to customary closing conditions and expected to be finalized during the second quarter.
AirBoss to Acquire BlackBox Biometrics®, Developer of Blast Gauge® System benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.