Cubic Corp. announced a couple of deals including the acquisition of TeraLogics LLC and the signing of a definitive agreement to acquires GATR Technologies Inc. Ashburn, Virginia-based TeraLogics provides full-motion Processing, Exploitation and Dissemination (PED) for the DoD, Intelligence Community and commercial clients. The total consideration includes an initial purchase price of $39M and contingent consideration of $9M.
Huntsville, Alabama-based GATR Technologies is a manufacturer of next-generation deployable satellite communication terminal solutions. The total consideration includes an initial purchase price of $225M and contingent consideration of $7.5M. The deal is subject to a HSR review and is expected to close in Cubic's second fiscal quarter 2016.
Bradley Feldmann, President and CEO of Cubic Corporation states: "The acquisition of TeraLogics and GATR represents powerful next steps in achieving our C4ISR growth strategy as they expand our footprint in the C4ISR and SATCOM markets."
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: