Mercury Systems completes acquisition of Physical Optics CorporationNews
December 30, 2020
ANDOVER, Mass. Mercury Systems announced on December 30, 2020 that it had completed its acquisition of mission-critical technology company Physical Optics Corporation (POC).
Pursuant to the terms of the definitive agreement applicable to the acquisition, Mercury reports that it acquired POC for a purchase price of $310 million, subject to net working capital and net debt adjustments.
Mark Aslett, Mercury’s president and chief executive officer, said of the deal: “We’re pleased that this transaction was completed on schedule; the next step is executing a seamless integration. The acquisition is directly aligned with our strategy and will enable us to deliver more complete, preintegrated avionics subsystems to our customers. We welcome the POC team to the Mercury family.”