Cubic details new company acquisitions
Cubic Corporation is expanding its portfolio with the acquisition of two new companies, TeraLogics and GATR Technologies. The new acquisitions will enhance Cubic’s offerings in the Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) market with a focus on secure and expeditionary communications, and ISR Processing, Exploitation and Dissemination (PED).
TeraLogics provides real-time full motion video PED for customers including the US Department of Defense; while GATR manufactures next-generation deployable satellite communication terminal solutions, with a line of portable, inflatable SATCOM and C4ISR systems for tactical communications in harsh and forward or remote deployed environments.
The acquisitions will complement existing Cubic product lines, and will improve the company’s customer reach in US and international markets, including access to key Programs of Record and contract vehicles.
Bradley H. Feldmann, president and CEO, Cubic Corporation, said: ‘The acquisition of TeraLogics and GATR represents powerful next steps in achieving our C4ISR growth strategy as they expand our footprint in the C4ISR and SATCOM markets.
‘The transformation of Cubic Global Defense Systems is well under way with these acquisitions, coupled with the excellent performance from DTECH, which we acquired in fiscal year 2015. Having established a focused strategy in the C4ISR sector, we are working aggressively to build scale with increased shareholder returns in higher growth and higher margin markets.’
Cubic has entered into a definitive agreement to acquire GATR; the closing of the acquisition is subject to regulatory approval under Hart-Scott-Rodino and is expected in Cubic’s second fiscal quarter 2016.
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