Mercury Systems completes Avalex Technologies purchase

Mercury Systems this week announced the completion of its acquisition of Avalex Technologies.

Mercury bought Gulf Breeze, FL-based avionics company Avalex "for all cash, subject to net working capital and net debt adjustments," according to a Nov. 8 statement.

"We're pleased that this transaction was completed on schedule; the next step is executing a seamless integration," said Mark Aslett, Mercury’s president and CEO. “The acquisition is directly aligned with our strategy and will enable us to address and enable the growing demand for digitally converged solutions in the C4I and platform/mission management markets. We welcome the Avalex team to the Mercury family.”