Moog Inc. [MOG.A] on Monday said it has acquired COTSWORKS Inc., a designer and manufacturer of fiber optic components for aerospace and defense applications, for $63 million.
COTSWORKS has more than 120 employees and operates from locations in Cleveland, Ohio, and Fulda, Germany. The company’s products include optical transceivers, custom cable assemblies, and test platforms.
“The acquisition of COTSWORKS strengthens Moog’s ability to deliver differentiated, edge-ready electronic systems that meet the evolving demands of our aerospace and defense customers,” Joe Alfieri, president of Moog’s Space and Defense segment, said in a statement. “The addition of their technology broadens our presence across major platforms while accelerate innovation in ruggedized, high-speed communication components and systems.”
Moog used cash and shares of its stock to acquire COTSWORKS. Moog said the deal will be immaterial to its 2025 results.
William Blair served as COTSWORKS financial advisor on the transaction.