Pentek Technologies, LLC and Pentek Systems, Inc. (collectively, “Pentek”) have been acquired by Mercury Systems, Inc. (NASDAQ: MRCY), a leader in trusted, secure mission-critical technologies for aerospace and defense. 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.
“The acquisition of Pentek is an excellent fit for our market and low-risk content expansion strategy,” said Mark Aslett, Mercury’s president and chief executive officer. “Their capabilities add scale and breadth to Mercury’s existing mixed-signal product portfolio and deepen our penetration into our core radar, electronic warfare (EW), and signals intelligence markets. Like our previous acquisitions in the RF and microwave domain, the acquisition of Pentek doesn’t just provide important new capabilities for our customers; it also enables us to grow the size of our total addressable market. We are very pleased to welcome the Pentek team to Mercury,” Aslett concluded.
“I’m excited about the opportunity to bring new capabilities to Mercury’s impressive mix of pre-integrated subsystems in support of numerous aerospace and defense programs and platforms,” said Rodger Hosking, vice president, Pentek. “Our product-focused business model will provide a diverse portfolio of building blocks enabling low-risk content expansion at the module and subsystems levels. Further, there is an excellent fit strategically and culturally between the two businesses with a common focus on innovation that matters.”
Philpott Ball & Werner LLC served as the exclusive financial advisor to Pentek.
