Industry Week in Review – December 15, 2023
KippsDeSanto & Co. Industry Week in Review – December 15, 2023
Industry Week in Review – December 15, 2023
M&A Transactions
LIG Nex1 (KRX: 079550) and Korea Investment Private Equity have agreed to acquire a 60% equity stake in Ghost Robotics, a provider of advanced unmanned quadruped vehicles outfitted with sensors, mesh communications, and manipulators enabling data collection, intelligence, security, asset protection, and military-specific uses where operating conditions are difficult for human engagement primarily for commercial and military partners. The 60% equity stake is valued at $239 million.
Lynx Software Technologies, Inc. has acquired Timesys Corp., a provider of development tools, cybersecurity solutions, and differentiated software engineering services for open-source embedded and edge software applications for private sector and U.S. federal government aerospace, defense, industrial, medical, and enterprise end-markets. Terms of the transaction were not disclosed.
Nokia Oyj (HLSE: NOKIA) has agreed to acquire Fenix Group, a portfolio company of Enlightenment Capital, and a provider of tactical 3rd Generation Partnership Project communications solutions and innovative tactical communications products, including the Banshee product family, that are designed to provide high-speed, low-latency data connections to many devices and users simultaneously. Terms of the transaction were not disclosed.
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