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Business/Financial

Mercury Systems To Acquire Three Defense Electronics Businesses From Microsemi

By Cal Biesecker

Thursday, March 24th, 2016

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Mercury Systems To Acquire Three Defense Electronics Businesses From Microsemi

Mercury said the pending deal with Microsemi will add capabilities to its current array of RF and microwave products. Photo: Mercury Systems

Defense electronics supplier Mercury Systems [MRCY] on Wednesday said it has agreed to acquire three defense electronics businesses from Microsemi Corp. [MSCC] for $300 million, creating what is said to be the industry’s largest commercial embedded secure processing company.The transaction is subject to regulatory approval and is expected to close by June 30.Mercury said the Microsemi businesses it is acquiring had combined sales of about $100 million and operating earnings of about $28 million for the 12 month period ending…

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