Mercury Systems, Inc. of Andover, MA announced on February 1 the completion of its previously reported acquisition of Themis Computer (Themis).
Pursuant to the terms of the merger agreement applicable to the acquisition, Mercury acquired Themis for an all cash purchase price of $180 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded through Mercury’s existing revolving credit facility.
“We’re pleased that this transaction was completed; the next step is executing a seamless integration,” said Mark Aslett, president and CEO of Mercury. “The acquisition is consistent with our strategy and will expand our position in the growing Command, Control, Communications, Computers and Intelligence (C4I) market while providing important new capabilities for our customers. We welcome the Themis team to the Mercury family.”
Source: Mercury Systems