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Business/Financial

Mercury Systems Acquires Swiss Defense Electronics Firm CES

By Cal Biesecker

Friday, November 4th, 2016

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Mercury Systems Acquires Swiss Defense Electronics Firm CES

Creative Electronics Systems video and graphic card. Photo: CES

Defense electronics designer and manufacturer Mercury Systems [MRCY] on Friday completed its acquisition of Switzerland-based Creative Electronic Systems (CES) in a deal that expands its capabilities as a commercial provider of processing subsystems and expands its addressable market in domestically and internationally.Massachusetts-based Mercury said the acquisition is valued at $38 million and was funded with cash on hand. CES had $23 million in sales in the year-period ended Sept. 30.CES provides embedded solutions for military and aerospace mission-critical computing applications.…

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