Sponsored by TCI International Inc.
www.tcibr.com
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13 Oct 22. Veritas Capital to Acquire CAES Space Systems. Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today that an affiliate of Veritas has entered into a definitive agreement to acquire CAES Space Systems (the “Company”), a leading independent supplier of high-reliability electronic solutions for space, defense, healthcare and industrial applications, from CAES. Mike Elias, Senior Vice President & Division General Manager, will continue to lead CAES Space Systems, alongside the rest of the leadership team. Financial terms of the transaction were not disclosed.
Headquartered in Colorado Springs, CAES Space Systems provides radiation hardened components, mission processing, cabling, wave guides, antennas and power management solutions. The Company’s track record of innovation, rich intellectual property portfolio and best-in-class engineering talent has enabled embedded, multi-decade relationships with blue-chip customers. With over 60 years of space flight heritage, CAES Space Systems and its products have had a presence on all historical major U.S. space platforms, with a 100% mission success rate.
“CAES Space Systems is uniquely differentiated by the breadth of its technical capabilities and segment expertise, as well as its long history of delivering critical solutions to customers,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas. “Operating in space and defense markets supporting national security, CAES Space Systems is well-positioned to thrive as a standalone business under Veritas ownership. We will deploy our significant government technology experience working with Mike Elias and rest of the CAES Space Systems team to accelerate growth and value proposition to customers.”
“Through our focus on innovation and differentiated technology, CAES Space Systems has become the preeminent provider of space-qualified, mission-critical components and solutions,” said Mr. Elias. “We are excited to partner with Veritas, a premier government technology investor that brings deep domain expertise and knowledge of our end markets. I am confident that Veritas is the perfect partner for CAES Space Systems as we enter our next stage of growth.”
The transaction is expected to close in Q1 2023, subject to customary closing conditions and regulatory approvals.
Goldman Sachs & Co. LLC and Lazard Frères & Co. LLC are acting as financial advisors to CAES. Gibson, Dunn & Crutcher LLP is acting as legal advisor to Veritas in connection with the transaction. (Source: BUSINESS WIRE)
12 Oct 22. Thales Closes Acquisition of Important Cybersecurity Players Excellium and S21sec. Thales (Euronext Paris: HO), a global recognized player in advanced technologies and cybersecurity, has completed the acquisition of two European cybersecurity companies, S21sec (in Spain and Portugal) and Excellium (in Belgium and Luxembourg), gathered under the holding company Maxive Cybersecurity, following signature of an agreement with Sonae Investment Management announced in May 2022.
In Luxembourg and Belgium, the integration of Excellium, well known player in security of information systems in its domestic markets, will strengthen Thales’ local presence and generate new growth opportunities with a strike force of 160 high-level experts in a context of growing cyberthreats.
In Iberia, with 405 employees on 9 sites in Spain and Portugal, S21sec, together with Excellium, will leverage Thales’ recognized Cyber Solutions business and international footprint to enrich its offer.
With more than €1bn in sales generated in 2021 through an extensive cyber portfolio, Thales is involved at every step of the cyber value chain, offering solutions ranging from risk assessment to protection of critical infrastructure, supported by comprehensive threat detection and response capabilities.
“Excellium and S21sec strengthen Thales’ cybersecurity leadership in the highly dynamic market for cybersecurity consulting and managed services”, commented Pierre-Yves Jolivet,Vice President Cyberdefense Solutions, Thales “We intend to build on Excellium and S21sec’s strong history of innovation to add value to Thales’ cyber solutions offering, while ensuring Excellium and S21sec customers benefit from long-term continuity, enhanced service capabilities and high-performance solutions.”
To support its growth in this field, Thales plans to hire 1,000 experts in cybersecurity in 2022. (Source: ASD Network)
11 Oct 22. RTX Ventures invests in H55 to advance electric propulsion technologies for clean and efficient air mobility applications. RTX Ventures, the venture capital arm of Raytheon Technologies (NYSE: RTX), has made a minority investment in electric propulsion system company H55 to drive the development of electric aviation solutions. The investment in H55 aligns with Raytheon Technologies’ longstanding leadership in the development of innovative and sustainable propulsion technologies.
H55, a Swiss company, is a leading enabler of electric propulsion solutions and battery systems. The team has proven ability in developing, integrating and flight-testing electric propulsion systems, including Solar Impulse, the first solar-powered electric airplane to fly around the world.
“H55 is a key collaborator in our strategy for demonstrating the potential of hybrid-electric propulsion technology, which will be enhanced by this investment from RTX Ventures,” said Graham Webb, chief sustainability officer at Pratt & Whitney. “Together, H55 and Raytheon Technologies are advancing new technologies that will help achieve the aviation industry’s goal of reaching net zero CO2 emissions by 2050.”
As part of this investment, H55 will benefit from RTX Ventures’ guidance in supporting H55’s plans to accelerate electric propulsion solutions and battery systems. H55 is already working with the company to develop and demonstrate hybrid-electric propulsion technologies. RTX Ventures will also facilitate opportunities to work together on future product development.
“Receiving an investment from RTX Ventures is yet a further recognition of H55’s track record, expertise, and potential,” said André Borschberg, H55’s executive chairman. “With RTX Ventures, H55 will benefit from the potential opportunity to work with Raytheon Technologies on a range of projects that will enable us to intensify our offering, building-out a wide portfolio of products and solutions suitable for many customers and applications across the aviation industry.”
Working together, Raytheon Technologies and H55 will advance electric aviation and demonstrate the advantages of adopting sustainable technologies, which are more efficient and cost effective. This collaboration will further enable the development of state-of-the-art clean aviation mobility solutions.
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TCI International, Inc., is a wholly-owned subsidiary of SPX Corporation. TCI provides turn-key solutions for spectrum management and monitoring, direction finding, geolocation and communications intelligence to civilian, government, military and intelligence agencies as well as antennas for communications and high-power radio broadcasting. TCI is headquartered in Fremont, California, USA. For more information, visit www.tcibr.com.
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