M&A Deal Summary

Cubic Acquires Nuvotronics

On March 14, 2019, Cubic acquired defense company Nuvotronics for 72M USD

Acquisition Highlights
  • This is Cubic’s 1st transaction in the Defense sector.
  • This is Cubic’s 6th largest (disclosed) transaction.
  • This is Cubic’s 14th transaction in the United States.
  • This is Cubic’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2019-03-14
Target Nuvotronics
Sector Defense
Buyer(s) Cubic
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Nuvotronics

Durham, North Carolina, United States
Nuvotronics, Inc. revolutionary PolyStrata Architecture provides an unprecedented platform for mmWave performance, integration, and miniaturization. With 10x - 100x improvement in size, weight, and power (SWaP) Nuvotronics is poised to lead the wave to 5G and beyond.

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Buyer(S) 1

Buyer

Cubic

San Diego, California, United States
Category Company
Founded 1949
Sector Defense
Employees6,200
Revenue 1.5B USD (2020)
DESCRIPTION
Cubic's corporate headquarters in San Diego, California.
Cubic's corporate headquarters in San Diego, California.

Cubic is a provider of transportation technology solutions that support the operational needs of the most complex transit systems globally. The Company also provides highly engineered training solutions as well as specialized hardware and software offerings that improve operational readiness and support mission communication and intelligence gathering and analysis. Cubic was formed in 1949 and is based in San Diego, California.

DEAL STATS #
Overall 16 of 17
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 14 of 15
State (North Carolina) 2 of 2
Country (United States) 14 of 15
Year (2019) 2 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 GRIDSMART Technologies

Knoxville, Tennessee, United States

GRIDSMART Technologies, Inc. is a video tracking solution provider. GRIDSMART specializes in video detection at the intersection utilizing advanced image processing, computer vision modeling and machine learning along with a single camera solution providing best-in-class data for optimizing the flow of people and traffic through intersections. GRIDSMART Technologies, Inc. was founded in 2006 and is based in Knoxville, Tennessee.

Buy $87M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Pixia

Herndon, Virginia, United States

Pixia Corp. is a developer of high-performance, big-data access software solutions. Pixia was founded in 1999 and is based in Herndon, Virginia.

Buy -
Mergr

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