A Massachusetts-based aerospace and defense company has acquired an Upper Saddle River maker of electronics products for $65 million, it announced this week.
Mercury Systems Inc. is paying cash for Pentek Technologies LLC and Pentek Systems Inc., which design and make commercial off-the-shelf software-defined radio and data acquisition boards, recording systems and subsystems for high-end commercial and defense applications, the firm said in a news release.
“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,” Pentek Vice President Rodger Hosking said in a prepared statement. “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.”