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Mercury To Acquire Avionics, Electronics Supplier Avalex Technologies

Cal Biesecker By
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Mercury To Acquire Avionics, Electronics Supplier Avalex Technologies
Avalex AMD3105 smart display. Image: Avalex Technologies

Mercury Systems [MRCY] on Monday said it has agreed to acquire Avalex Technologies Corp. in a deal that complements and scales its existing product portfolio for avionics and mission systems. Terms of the transaction, which is subject to regulatory approvals and is expected to close by year-end, were not disclosed. Avalex, which is based in Florida, is expected to have about $40 million in sales in 2022 and adjusted operating margin of 25 percent. The company has about 100 employees.…

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