Industry Week in Review – September 22, 2023
KippsDeSanto & Co. Industry Week in Review – September 22, 2023
Industry Week in Review – September 22, 2023
M&A Transactions
Alvarez & Marsal Capital has acquired a majority ownership equity stake in VTG, a portfolio company of The Jordan Company, L.P., and a provider of force modernization and digital transformation solutions to private sector and U.S. federal government defense and national security markets. Terms of the transaction were not disclosed.
Cadence Design Systems, Inc. (NASDAQ: CDNS) has agreed to acquire Intrinsix Corp., a subsidiary of CEVA, Inc. (NASDAQ: CEVA) and a provider of design engineering solutions for complex system-on-chip (“SoC”) products in advanced nodes RF, mixed-signal, digital, software, secure processors, and interface IP for heterogeneous SoCs (“HSoCs”) focused on the U.S. aerospace & defense industry. Terms of the transaction were not disclosed.
General Atomics Electromagnetic Systems (“GA-EMS”), a division of General Atomics, has acquired EO Vista, LLC, a provider of advanced, next-generation electro-optical sensors and space-based / airborne payloads with proven experience in developing systems supporting intelligence, surveillance, and reconnaissance technologies and enabling new capabilities. Terms of the transaction were not disclosed.
Vislink Technologies, Inc. (NASDAQ: VISL) has acquired Broadcast Microwave Services, LLC, a portfolio company of CapitalView Investment Partners, L.P., and a provider of microwave technology systems offering a complete suite of mission-critical solutions allowing reliable, long-range data transmission in the most demanding environments serving a diverse customer base in government surveillance, law enforcement, uncrewed aerial vehicles, and unmanned ground vehicles markets. Terms of the transaction were not disclosed.
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