Tyler Technologies Inc. announced that it has acquired Modria, a San Jose-based company that provides online dispute resolution solutions for government and commercial clients. The acquisition will expand Tyler's portfolio of courts and justice solutions, and provide its clients with efficient ways to handle large volumes of disputes in an automated fashion. Deal terms were not disclosed.
L3 Technologies announced that it has acquired Open Water Power Inc., a Somerville, Massachusetts-based company that develops safe and high energy density undersea power generation technologies used by Unmanned Undersea Vehicles. The company's capabilities compliments L3's existing maritime platform, sensor, and payload offerings. Deal terms were not disclosed.
Gnostech Inc. announced that the company's current President, James Espino, acquired Gnostech Inc. from Braxton Science & Technology Group on May 19, 2017. The acquisition by Mr. Espino who is a US Coast Guard veteran, allows the company to be designated as a Service Disabled Veteran Owned Small Business. Gnostech has over 70 employees and provides cybersecurity, software development, systems integration, and C4ISR expertise to government clients. Deal terms were not disclosed.
CTS Corporation announced that it has acquired Noliac A/S, a company headquartered in Denmark that designs and manufactures tape cast and bulk piezoelectric components, sensors and transducers to customers in the aerospace & defense, test & measurement, medical and industrial markets. Deal terms were not disclosed.
Cyber security firm F-Secure announced that it has acquired UK-based Digital Assurance, a consulting firm that provides information security assessments to governments and clients in the financial, petrochemical, retail, communication, and defense industries. Digital Assurance will be part of F-Secure's Cyber Security Service business unit and is not expected to have a material impact on F-Secure's financial outlook for 2017. Deal terms were not disclosed.
VISTA Technology Services Inc. announced that it has acquired General Scientific Corporation (GSC), a minority owned small business with a strong presence in Naval Sea Systems Command (NAVSEA). GSC's capabilities include anti-submarine warfare, acoustic processors, mine warfare, logistics, asset management, earned value management and technical support services. Deal terms were not disclosed.
General Dynamics announced that it has acquired the Electronics and Communications Division of Advatech Pacific, which designs and manufactures tactical, cyber-secure and cross-domain products for DoD and international military customers. TACDS is a ruggedized, NSA-certified solution found on a variety of armored and ISR platforms. CenturionCDS is designed for dismounted military personnel. The acquired business will be part of the General Dynamics Mission Systems business unit. Deal terms were not disclosed.
Belden Inc. announced that it has agreed to acquire Thinklogical from Boston-based PE firm Riverside Partners in a deal worth $160 million. Thinklogical is a developer and manufacturer of high-performance fiber optic-based video and switching equipment used for real-time enterprise video management by clients in markets including military and broadcasting. The company generated 2016 revenues of $51 million and EBITDA of $12 million. The deal is expected to close in the second quarter of 2017.
PE-firm J.F. Lehman & Company announced that it has acquired PSSC Holding Co. and its subsidiary BEI Precision Systems & Space Company Inc. (BEI PSSC), a provider of high-accuracy positioning sensor technologies and advanced design, manufacturing and testing for resilient products and systems. The company's products are used in defense and space applications.
Deal terms were not disclosed. Evercore Partners advised J.F. Lehman while KippsDeSanto & Co. advised BEI PSSC.
Employee-owned Applied Research Associates Inc. (ARA) announced that it has acquired Neya Systems LLC, a developer of unmanned systems technologies. Neya works with clients in the defense, homeland security and commercial markets. Deal terms were not disclosed.
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