ANDOVER, Mass. – Executives of Mercury Systems Inc. in Andover, Mass., are boosting their company's expertise in rugged displays for military vehicles and aircraft with their acquisition of American Panel Corporation (APC) in Alpharetta, Ga.
Mercury, which specializes in embedded computing and electronic warfare (EW) has announced the completion of its previously reported acquisition of APC, which specializes in displays for military vetronics and avionics applications.
Mercury is acquiring APC for $100 million in cash, subject to net working capital and net debt adjustments.
"The acquisition is consistent with our strategy and will expand our position in the growing avionics market while providing important new capabilities for our customers," says Mercury President and CEO Mark Aslett.
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APC has delivered more than 120,000 displays for military vehicles and aircraft worldwide, company officials say. The company designs and develops specialized active-matrix liquid crystal displays (AMLCDs) for display head assemblies.
APC engineers every characteristic of the AMLCD, including resolution, color depth, color saturation, display technology, and mechanical packaging.
Mercury Systems specializes in high-performance embedded computing (HPEC), RF and microwave technologies, electronic warfare (EW), secure data storage, trusted computing, and integrated military and aerospace electronic systems.
Mercury has been in serious acquisition mode for the past several years. In summer 2018 year Mercury acquired rugged computer manufacturer Germane Systems in Chantilly, Va., to help Mercury gain access to a program that installs computer rugged servers aboard U.S. Navy submarines.
In December 2017 Mercury acquired Themis Computer in Fremont, Calif., a company with a long legacy in naval shipboard computing. Before the Germane and Themis acquisitions, Mercury boosted its expertise in RF and microwave technologies for military and space applications with their acquisition in April 2017 of Delta Microwave Inc. in Oxnard, Calif., for $40.5 million in cash.
In November 2016 Mercury acquired mission computing and small-form-factor embedded computing specialist CES Creative Electronic Systems S.A. in Grand-Lancy, Switzerland, for $39 million in cash.
In April 2016 Mercury acquired additional expertise in anti-tamper and trusted computing technologies by purchasing the Microsemi Corp. embedded security, RF and Microwave, and custom microelectronics businesses for $300 million.
In December 2015 Mercury heightened its profile in secure computing and military and commercial engineering design services with their acquisition of Lewis Innovative Technologies Inc. (LIT) in Decatur, Ala.
Mercury Systems has worked on more than 300 U.S. military programs, including Aegis, Patriot, SEWIP, Gorgon Stare, and Predator/Reaper. For more information contact Mercury Systems online at www.mrcy.com, or APC at https://american-panel.com.
