Mercury Systems, fournisseur américain de cartes et de sous-systèmes de traitement de données sécurisés pour l’électronique de défense, a annoncé le 30 juillet l’acquisition pour 100 millions de dollars de son compatriote American Panel (APC), un spécialiste des technologies d’écrans de grande taille qui équipent bon nombre de matériels de défense américains.

Mercury Systems announced the execution of a purchase agreement to acquire American Panel (APC). APC is an innovator in large area display technology. Their capabilities are deployed on a wide range of next-generation platforms, including the U.S. Army’s Apache attack helicopter and M1A2 Abrams battle tank, as well as the F-35, F-15, F-16 and F-18 fighter jets.

The purchase price of $100 million, subject to net working capital and net debt adjustments, will be entirely funded with cash on hand. The acquisition is expected to close in the first quarter of fiscal 2020.

“Our previous acquisitions of CES, Richland Technologies and GECO Avionics focused on providing highly specialized, safety certifiable avionics processing capabilities. APC complements these capabilities by providing very advanced, ruggedized displays for the military aerospace, ground vehicle and commercial aerospace markets. Acquiring APC adds unique capabilities to our growing avionics platform and positions us to play a larger role in military digital convergence. We look forward to welcoming the APC team to the Mercury family,” Aslett concluded.

Mercury Systems full year fiscal 2019 revenues were $654.7 million, compared to $493.2 million for full year fiscal 2018, an increase of 33% from fiscal 2018. The full year fiscal 2019 results includes organic revenue of $541.5 million, an increase of 12% from fiscal 2018.

Total company net income for fiscal 2019 was $46.8 million, compared to $40.9 million for fiscal 2018.