Industry Week in Review – September 23, 2022
KippsDeSanto & Co. Industry Week in Review – Sept 23, 2022
Industry Week in Review – Sept 23, 2022
M&A Transactions
Cadrex Manufacturing, a portfolio company of Core Industrial Partners, has acquired IDL Precision Machining, a provider of CNC machining, including horizontal milling, vertical milling and turning, to serve customers from initial design and concept engineering through product development, prototyping and qualification to full-scale production for private sector and U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.
Embraer S.A. (NYSE: ERJ) has agreed to acquire a minority stake interest in Xmobots Aeroespacial, a provider of high-performance VTOL drones, multispectral sensors, gyro-stabilized optronic sensors and data analysis software based on artificial intelligence. Terms of the transaction were not disclosed.
Intuitive Machines, LLC has agreed to go public via a combination with Inflection Point Acquisition Corp., a publicly traded special purpose acquisition company (“SPAC”). Intuitive Machines provides technology and services in space exploration and infrastructure. The implied enterprise value of the combined company is estimated to be around $815 million.
