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."
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