McKean Defense Group acquires Mikros Systems
McKean Defense Group has completed its previously announced acquisition of Mikros Systems, a company that provides hardware and software solutions for advanced maintenance applications.
McKean Defense Group has completed its previously announced acquisition of Mikros Systems, a company that provides hardware and software solutions for advanced maintenance applications.
The deal closed after Mikros secured necessary stockholder approval for the merger. As agreed, Mikros will now operate as a wholly owned subsidiary of McKean.
In November, McKean signed a definitive agreement to acquire Mikros for nearly $4.6m in cash.
The acquisition, the first by McKean, is expected to enhance its combat systems monitoring and diagnostic analytics portfolio.
Mikros focuses on technology management, electronic systems engineering and integration, radar systems engineering, command, control, communications, computers and intelligence systems engineering among others.
The company has been a small business innovator for the US Navy since the 1990s and supports the US Army on the Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System (JLENS) programme.
It also has four facilities, including a research and development (R&D) centre in Fort Washington and a manufacturing and depot centre in Largo, Florida.
The addition of these facilities will also expand McKean’s physical footprint.
Mikros Systems president Chuck Bristow said: “Mikros is excited about the access to broader capabilities that will enhance our ability to service current customers and the opportunity to work with McKean to introduce our products and offerings to new clients.”
McKean CEO Joseph Carlini said: “With the addition of Mikros, McKean has augmented our technology solutions.
“Integration of their SYM-3 and Prognostics Framework applications that provide shipboard monitoring on Littoral Combat System (LCS) Ships is just one example of the business growth we expect as a result of this acquisition.”