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Mercury Computer Acquires Micronetics

Defense Daily Staff Defense Daily Staff
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Mercury Computer Systems, Inc. [MRCY] yesterday said it has completed its $72 million cash purchase of Micronetics, a designer and manufacturer of microwave and radio frequency components and subsystems for defense and commercial customers. The transaction has an enterprise value of $74.9 million, about $500,000 less than when the deal was first announced in June, including $3.2 million in net debt. “The acquisition is directly aligned with our strategy of expanding our capabilities, services and offerings along the sensor processing…

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