Mercury Systems announced today it has agreed to buy Gulf Breeze, FL-based avionics company Avalex Technologies Corp.
Avalex is expected to generate approximately $40 million in revenue for the 12 months ending Dec. 31, 2022, according to a Mercury statement. The dollar amount of the sale was not disclosed.
“Avalex’s product and technology portfolio is highly complementary to Mercury’s existing offering," Mercury's President and CEO Mark Aslett said in the statement. "With deep expertise in integrated displays, digital video recorders, and communications management, their suite of innovative avionics solutions uniquely position the company to address and enable the growing demand for digitally converged solutions in the C4I and platform/mission management markets. Like our previous acquisition of Physical Optics Corp., Avalex is also experiencing accelerated growth due to their strong product offerings and supply chain delayering by the Government. Finally, we see strong alignment in our strategies and vision, as well as our cultures, values, and commitment to innovation."
The all-cash acquisition is expected to close by the end of December 2021, according to Mercury.