M&A Deal Summary

ACR Group Acquires TRX Systems

On January 19, 2022, ACR Group acquired technology hardware company TRX Systems

Acquisition Highlights
  • This is ACR Group’s 3rd transaction in the Technology Hardware sector.
  • This is ACR Group’s 2nd transaction in the United States.
  • This is ACR Group’s 1st transaction in Maryland.

M&A Deal Summary
Date 2022-01-19
Target TRX Systems
Sector Technology Hardware
Buyer(s) ACR Group
Deal Type Add-on Acquisition

Target

TRX Systems

Greenbelt, Maryland, United States
TRX Systems is a developer of NEON® GPS-denied location solutions, delivering location, mapping, and timing solutions where GPS is not available or is unreliable including indoors, underground, in dense urban areas, and where GPS is jammed or erroneous. TRX Systems was founded in 2007 and is based in Greenbelt, Maryland.

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Buyer(S) 1

Buyer

ACR Group

Fort Lauderdale, Florida, United States
Category Company
Founded 1956
Sector Electronics
DESCRIPTION
ACR's corporate headquarters located in Fort Lauderdale, Florida.
ACR's corporate headquarters located in Fort Lauderdale, Florida.

ACR Group is a provider of advanced electronics for tracking, communication, data management, and visual and distressed signaling across attractive growth markets including aviation, marine, military, and specialty applications. ACR Group was founded in 1956 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 4 of 4
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 FreeFlight Systems

Irving, Texas, United States

FreeFlight Systems Ltd. is a provider of navigation systems for commercial and military aircraft. FreeFlight Systems was founded in 2001 and is based in Irving, Texas.

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