Mercury Systems acquires Germane Systems for $45 million
ANDOVER, Mass. Mercury Systems officials announced the acquisition of Germane Systems, LC.
Mercury acquired Germane for an all cash purchase price of $45 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded through Mercury’s existing revolving credit facility. The acquisition is expected to be accretive to fiscal 2019 adjusted earnings per share.
Germane is located in Chantilly, Virginia. The company focuses on designing, developing, and manufacturing of rugged servers, computers, and storage systems for command, control and information ("C2I") applications.
"The combination of Germane with the previously acquired Themis Computer will enhance Mercury’s market penetration in the C4I market and provide additional capabilities for our customers. Germane is a strong, progressive business with an outstanding team, and we’re pleased to welcome them to the Mercury family,” Mark Aslett, Mercury’s President and Chief Executive Officer (CEO) says.