Galleon Embedded Computing AS (“Galleon”) has been acquired by Spectra, a portfolio company of Vance Street Capital. Galleon is the first strategic add-on acquisition of Spectra since forming the company in February 2021 by simultaneously merging three defense technology businesses.
Founded in 2009 and headquartered in Oslo, Norway, with offices in the UK and Texas, Galleon designs and sells advanced Commercial-Off-The-Shelf (COTS)-based embedded computing solutions for a variety of military and commercial applications that require high bandwidth, high storage and low weight requirements. Galleon’s products include servers, computers, network attached storage (NAS) devices, data recorders and board-level solutions. Over the last decade, Galleon, known for its engineering aptitude and quality, has developed strong relationships with leading primes in North America and Europe.
Espen Boch, CEO of Galleon said, “We are very excited to partner with the Spectra team. Galleon has built a reputation and brand synonymous with technical innovation, quality and customer satisfaction. Finding an organization that shared those values was paramount in our decision to sell the business.”
Bob McGill, CEO of Spectra, commented, “We are excited to work closely with Espen and the entire Galleon team to continue to grow the excellent business they have built. Galleon is a recognized leader in the military embedded computing market and is well-known and respected in the industry as an innovative supplier of solutions to military customers around the world. Galleon will add significant breadth and depth to Spectra’s already comprehensive suite of products and technologies. Galleon will significantly increase the platform’s ability to reach into new customers and programs with a larger array of complementary products.”
“The Galleon and Spectra combination further enhances the platform’s position as a diversified provider of end-to-end information systems products that span the data capture lifecycle,” said Nic Janneck, a Principal at Vance Street. “Galleon’s suite of proprietary products fit squarely within Spectra’s focus on the data capture lifecycle. The acquisition also enhances the international reach of Spectra.”
Philpott Ball & Werner, LLC served as exclusive financial advisor to Galleon.