Leonardo announced that its US subsidiary Leonardo DRS has agreed to acquire Daylight Solutions Inc. for $150 million including an earnout based on achieving certain financial and operating targets for 2017. The deal values the company at 9x 2017 EBITDA. Daylight Solutions is a developer and supplier of quantum cascade laser products and technologies.
Comments are closed.
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: