Enhancing our capabilities through M&A
Acquisitions are a key part of Mercury’s growth and value creation strategy. We augment and accelerate our organic growth by acquiring companies with new technologies and capabilities that can be added into our existing installed base, or with similar technologies and capabilities that expand our installed base and market access. We call this “low-risk content expansion.” We seek opportunities that are aligned with this strategy and accretive in the short and long term.
We create value through a disciplined process and full acquisition integration. Our integration process brings acquired companies into the OneMercury fold with sustained — and sometimes increased — investment to innovate, access to our portfolio of technologies and capabilities, and access to corporate resources all designed to provide the tools to accelerate growth and value.
Fit with our culture and values is critical to a successful acquisition. We are a company that is driven by Innovation That Matters and we seek companies that share this passion. Companies who have joined Mercury are inspired by our purpose, culture and values, accelerated investment in innovation and the opportunity for personal and professional growth for their teams. Since 2011, we have acquired 14 businesses that have enhanced our capabilities.
Acquisitions Since January 1, 2011:
|NAME OF ACQUIRED ENTITIES||DATE OF ACQUISITION|
|Physical Optics Corporation||December 2020|
|American Panel Corporation||September 2019|
|The Athena Group||April 2019|
|Syntonic Microwave||April 2019|
|GECO Avionics||January 2019|
|Germane Systems||July 2018|
|Themis Computer||February 2018|
|Richland Technologies||July 2017|
|Delta Microwave||April 2017|
|Creative Electronic Systems||November 2016|
|Microsemi Carve-Out Business||May 2016|
|Lewis Innovative Technologies||December 2015|
|KOR Electronics||December 2011|
Mercury acquired Pentek on May 27, 2021. Based in Upper Saddle River, N.J., Pentek is a leading designer and manufacturer of ruggedized, high-performance, commercial off-the-shelf (“COTS”) software-defined radio and data acquisition boards, recording systems and subsystems for high-end commercial and defense applications.
Pentek’s capabilities add scale and breadth to Mercury’s existing mixed-signal product portfolio with a range of complementary embedded open-standard 3U, 6U, and mezzanine products. Its product-focused business model provides a diverse portfolio of building blocks for applications like software-defined radio solutions like RFSoC (radio frequency system-on-chip), wideband data conversion, and recording systems.
Mercury acquired Physical Optics Corporation (“POC”) on December 30, 2020. Based in Torrance, Calif., POC is a leading designer, developer, and integrator of advanced technologies primarily focused on avionics & mission subsystems for defense applications.
This acquisition adds important capabilities on new and existing airborne programs in the platform and mission management market. The combination of Mercury’s safety-certifiable and secure avionics processing solutions with POC’s deep portfolio of data storage, transfer, and encryption technologies will enable Mercury to deliver more complete, pre-integrated avionics subsystems to its customers, enabling a new layer of subsystem solutions.
Mercury Systems acquired American Panel Corporation (APC) on September 23, 2019.
Based in Alpharetta, Georgia, APC is a leading innovator in large area display technology for the aerospace and defense market. APC's capabilities are deployed on a wide range of next-generation platforms.
Mercury Systems acquired The Athena Group, Inc. (Athena) & Syntonic Microwave LLC (Syntonic) on April 18, 2019.
Athena was a privately held company based in Gainesville, Florida and a leading provider of cryptographic and countermeasure IP vital to securing defense computing systems.
Syntonic was a privately held company based in Campbell, California and a leading provider of advanced synthesizers, wideband phase coherent tuners and microwave converters optimized for signals intelligence and electronic intelligence applications.
Mercury Systems, Inc., acquired GECO Avionics, LLC (GECO) on January 29, 2019.
GECO was a privately held company in Mesa, Arizona, with over twenty years of experience designing and manufacturing affordable safety-critical avionics and mission-computing solutions.
Mercury Systems acquired Germane Systems, LC (Germane) on July 31, 2018.
Based in Chantilly, Virginia, Germane was an industry leader in the design, development and manufacturing of rugged servers, computers and storage systems for C2I applications.
Mercury Systems acquired Themis Computer (Themis) on February 1, 2018.
Themis was a leading designer, manufacturer and integrator of commercial, SWaP-optimized rugged servers, computers, and storage systems for U.S. and international defense programs based in Fremont, California.
Mercury Systems acquired Richland Technologies, LLC (RTL) on July 3, 2017.
Based in Duluth, Georgia, RTL specialized in safety-critical and high integrity systems, software, and hardware development as well as safety-certification services for mission-critical applications. RTL was also a leader in safety-certifiable embedded graphics software for commercial and military aerospace applications.
Mercury Systems acquired Delta Microwave, LLC (Delta) on April 3, 2017.
Based in Oxnard, California, Delta Microwave was a leading designer and manufacturer of high-value radio frequency, microwave and millimeter wave subassemblies and components for military and space markets.
Mercury Systems acquired mission computing company CES Creative Electronic Systems, S.A., (CES) on November 4, 2016.
Based in Geneva, Switzerland, CES was a leading provider of embedded solutions for military and aerospace mission-critical computing applications, specializing in the design, development and manufacture of safety-qualified avionics product and subsystems solutions.
Mercury Systems acquired the embedded security, radio frequency and microwave, and custom microelectronics businesses of Microsemi Corporation on May 2, 2016.
This acquisition added substantially to Mercury's capabilities in embedded security, RF and microwave, and custom microelectronics solutions, and in effect, positioned Mercury as the defense industry's largest commercial embedded secure processing company.
Mercury Systems acquired Lewis Innovative Technologies, Inc. (LIT) on December 16, 2015.
A privately held company based in Decatur, Alabama, LIT developed technology necessary to protecting systems critical to national security while meeting strict DoD Program Protection Requirements.
Mercury Systems acquired Micronetics, Inc., and its subsidiaries on August 8, 2012.
Based in Hudson, N.H., Micronetics was a leading designer and manufacturer of microwave and radio frequency subsystems and components for defense and commercial customers.
Mercury Systems acquired KOR Electronics (KOR) and its wholly-owned subsidiary, Paragon Dynamics, Inc. (PDI) on December 30, 2011.
Based in Cypress, California, KOR was a leader in radio frequency simulation and jamming technology, and one of the defense industry’s largest merchant suppliers of digital RF memory technology used on a broad range of U.S. military aircraft.
Based in Denver, Colorado, Paragon Dynamics provided best-in-class technical services for the U.S. Intelligence Community. Mercury divested Paragon Dynamics in 2014.
Mercury Systems acquired LNX Corporation on January 12, 2011.
Based in Salem, New Hampshire, LNX designed and developed next-generation radio frequency receivers for signals intelligence, communications intelligence as well as electronic attack applications.