M&A Transactions
Rocket Lab USA, Inc. (NASDAQ: RKLB) has agreed to acquire Motiv Space Systems, Inc., a provider of space robotics, motion control systems, and precision mechanisms within commercial aerospace and defense markets. The transaction is valued up to $60 million.
The Entwistle Company, a portfolio company of NTC Group, Inc., has acquired Hales Group, Inc., a provider of coating, storage, transportation, and structural steel services supporting Newport News Shipbuilding (“NNS”) and U.S. Navy programs, including submarines and aircraft carriers within defense markets. Terms of the transaction were not disclosed.
Theon International plc (ENXTAM: THEON) has agreed to acquire an 80% equity stake in Merio SAS, a subsidiary of RPL Développement and provider of compact, high-performance gyrostabilized gimbal and turret systems for aerial, ground, infrastructure protection, and maritime applications within commercial aerospace and defense markets. Terms of the transaction were not disclosed.
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