Syntonic Microwave, The Athena Group acquired by Mercury Systems
ANDOVER, Mass. Officials at Mercury Systems, Inc. announced the acquisitions of The Athena Group, Inc. (Athena) and Syntonic Microwave LLC (Syntonic) for an all-cash price valued at $46 million in total.
Both transactions are subject to net working capital and net debt adjustments. The acquisitions were funded through Mercury’s existing revolving credit facility, and are not expected to have a material impact on Mercury’s financial results for the fourth quarter or full fiscal year 2019.
The Athena Group (based in Gainesville, Florida) is a provider of cryptographic and countermeasure IP vital to securing defense computing systems. Also a provider in differential power analysis (DPA) technology, the company offers a complete portfolio of provable DPA-resistant solutions.
Syntonic Microwave (based in Campbell, California) is a provider of advanced synthesizers, wideband phase coherent tuners, and microwave converters optimized for signals intelligence (SIGINT) and electronic intelligence (ELINT) applications demanding frequency coverage up to 40 GHz with 2 GHz instantaneous bandwidth.