$310 Million Purchase Enhances Avionics and Sensors Capabilities

Mercury Systems announced completion of its acquisition of Physical Optics Corporation (POC) on 30 December.

Pursuant to the terms of the earlier definitive agreement, Mercury acquired POC for a purchase price of $310 million (€252 million), subject to net working capital and net debt adjustments. The acquisition was funded through a combination of cash an existing revolving credit facility.

“The acquisition is directly aligned with our strategy and will enable us to deliver more complete, pre-integrated avionics subsystems to our customers. We welcome the POC team to the Mercury family,” commented Mercury President and CEO, Mark Aslett.