$31million acquisition enhances Mercury’s capabilities in military intelligence
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ISR subsystems provider, Mercury Computer Systems has completed the acquisition of rf specialist LNX for $31million - plus an earn out of up to $5.m payable upon the achievement of financial targets in 2011 and 2012.
Based in Salem, New Hampshire, LNX designs and builds next generation rf receivers for signals intelligence, communications Intelligence as well as electronic attack applications.
LNX's operations will be combined with Mercury's Echotek Product Group (EPG) to form the new Microwave and Digital Solutions (MDS) group. The MDS group will specialise in the development of rf and mixed signal application ready subsystems and components for EW - SIGINT customers. According to Mercury, the combination of LNX with EPG will enable it to expand its ability to meet the growing need for more complete SIGINT solutions at the tactical edge, from rf through processing and exploitation to the network interface.
Mark Aslett, president and chief executive officer, Mercury Computer Systems, said: "LNX is well aligned with Mercury in terms of capitalising on our existing program presence while providing capabilities that will become the standard bearer for the EW systems we intend to target in the coming years. LNX is on a strong growth trajectory, which is a credit to its technological capabilities and unique program presence."
Aslett added that the acquisition of LNX would enable Mercury to deliver core radio frequency and signal processing for the JCREW 3.3 next generation counter IED system. "JCREW 3.3 is potentially Mercury's largest single program and this acquisition increases Mercury's content by more than 40%," he commented. "In addition, the acquisition of LNX combined with our Echotek Product Group, a leader in digital receivers previously acquired by Mercury, paves the way for Mercury to develop a new generation of software defined subsystems designed to detect, intercept and defeat current and next generation signals of interest on land, at sea and in the air."
