M&A Deal Summary

Mercury Acquires KOR Electronics

On December 30, 2011, Mercury acquired defense company KOR Electronics for 70M USD

Acquisition Highlights
  • This is Mercury’s 1st transaction in the Defense sector.
  • This is Mercury’s 6th largest (disclosed) transaction.
  • This is Mercury’s 4th transaction in the United States.
  • This is Mercury’s 1st transaction in California.

M&A Deal Summary
Date 2011-12-30
Target KOR Electronics
Sector Defense
Buyer(s) Mercury
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

KOR Electronics

Cypress, California, United States
KOR Electronics is a supplier of system level solutions to the worldwide Defense and Intelligence communities.

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Buyer(S) 1

Buyer

Mercury

Andover, Massachusetts, United States
Category Company
Founded 1981
Sector Electronics
Employees2,596
Revenue 974M USD (2023)
DESCRIPTION

Mercury is a high-tech commercial provider of secure and sensor processing subsystems that power critical defense and intelligence applications. Mercury's products and solutions have been deployed in more than 300 programs with over 25 different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35 and Reaper. Mercury's organizational structure allows it to deliver capabilities that combine technology building blocks and deep domain expertise in the defense sector. Mercury was formed in 1981 and is based in Andover, Massachusetts.

DEAL STATS #
Overall 4 of 17
Sector (Defense) 1 of 2
Type (Add-on Acquisition) 4 of 15
State (California) 1 of 4
Country (United States) 4 of 16
Year (2011) 3 of 3
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-30 Paragon Dynamics

Aurora, Colorado, United States

Paragon Dynamics, Inc. provides IT services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-08 Micronetics

United States

Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communication equipment. Micronetics serves a diverse customer base, including BAE Systems, Boeing, Cobham, EADS, General Dynamics, ITT Exelis, L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell, Tecom Industries, Teradyne, and Thales.

Buy $75M
Mergr

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