Emcore Announces Definitive Agreement To Acquire The L3Harris Space And Navigation Business
Acquiring Company
EMCORE Corporation
Acquired Company
Nanoflex Robotics
Madhya Pradesh
Zurich
MelbourneManufacturingAerospaceManufacturingInformation TechnologyHardwareSecurityCyber SecurityAerospaceGovernmentNational SecurityDescription
EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense, communications, and sensing markets, announced today that it has entered into a definitive agreement to acquire the assets and liabilities of the L3Harris (NYSE: LHX) Space and Navigation Business for approximately $5 million in an all-cash transaction. EMCORE will host a conference call to discuss the acquisition on February 15, 2022. See conference call information below.
Quick answer
EMCORE Corporation is acquiring Nanoflex Robotics and L3Harris Technologies, announced February 15, 2022. EMCORE Corporation is based in Madhya Pradesh, India.
- How much did EMCORE Corporation pay for Nanoflex Robotics?
- The deal value was not disclosed.
- What does EMCORE Corporation do?
- EMCORE Corporation is the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry.
- Where are EMCORE Corporation and Nanoflex Robotics based?
- EMCORE Corporation is based in Madhya Pradesh, India. Nanoflex Robotics is based in Zurich, Zurich, Switzerland.
Source: Fundz verified event record.
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Frequently asked
Who acquired Nanoflex Robotics?
Nanoflex Robotics was acquired by EMCORE Corporation, based in Madhya Pradesh. The deal was reported on February 15, 2022. EMCORE Corporation is the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry. EMCORE Corporation is privately held and operates in Manufacturing.
When did EMCORE Corporation acquire Nanoflex Robotics?
EMCORE Corporation's acquisition of Nanoflex Robotics was reported on February 15, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Nanoflex Robotics do?
Nanoflex Robotics is a spin out from ETHZ developing endoluminal soft robotic systems that can be remotely manipulated within the body. It is privately held, and is based in Zurich.
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