M&A Deal Summary

Mercury Acquires Mercury Systems - Embedded Security RF and Microwave and Custom Microelectronics Businesses

On March 23, 2016, Mercury acquired semiconductors company Mercury Systems - Embedded Security RF and Microwave and Custom Microelectronics Businesses from Microsemi for 300M USD

Acquisition Highlights
  • This is Mercury’s 1st transaction in the Semiconductors sector.
  • This is Mercury’s 2nd largest (disclosed) transaction.
  • This is Mercury’s 7th transaction in the United States.

M&A Deal Summary

Date 2016-03-23
Target Mercury Systems - Embedded Security RF and Microwave and Custom Microelectronics Businesses
Sector Semiconductors
Buyer(s) Mercury
Sellers(s) Microsemi
Deal Type Divestiture
Deal Value 300M USD

Target

Mercury Systems - Embedded Security RF and Microwave and Custom Microelectronics Businesses

United States
Embedded Security, RF and Microwave, and Custom Microelectronics Businesses is a provider of analog and mixed-signal semiconductor solutions.

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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 7 of 17
Sector (Semiconductors) 1 of 3
Type (Divestiture) 1 of 2
Country (United States) 7 of 16
Year (2016) 1 of 3
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Lewis Innovative Technologies

Decatur, Alabama, United States

Lewis Innovative Technologies, Inc. is specialized in quick-turn analog, digital, power, and systems design providing innovative custom designs and engineering services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Microsemi Corp - Embedded Security RF Business

United States

Microsemi Corp - Embedded Security, RF and Microwave, and Custom Microelectronics Businesses ) offers a comprehensive portfolio of semiconductor and system solutions for aerospace & defense.

Buy $300M

Seller(S) 1

SELLER

Microsemi

Chandler, Arizona, United States

Category Company
Founded 1960
Sector Semiconductors
DESCRIPTION
Entrance to Microsemi's corporate headquarters in Aliso Viejo, California.
Entrance to Microsemi's corporate headquarters in Aliso Viejo, California.

Microsemi offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace, and industrial markets. Microsemi was established in 1960 and is based in Chandler, Arizona.


DEAL STATS #
Overall 2 of 4
Sector (Semiconductors) 2 of 3
Type (Divestiture) 2 of 4
Country (United States) 2 of 4
Year (2016) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 PMC-Sierra

Sunnyvale, California, United States

PMC-Sierra, Inc. is an Internet infrastructure semiconductor solution provider, offering its customers technical and sales support worldwide through a network of offices in North America, Europe, Israel and Asia. PMC-Sierra provides semiconductor solutions for Enterprise Storage, Wide Area Network Infrastructure, Fiber To The Home, and Laser Printer markets.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Microsemi Corp - Wireless Access Assets

United States

Microsemi Corp - Wireless Access Assets includes wideband RF transceivers and synthesizers for 3G, 4G, and future 5G cellular base station and remote radio head (RRH) unit platforms.

Sell $210M