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Mirion Technologies Acquires Critical Infrastructure Business Of Collins Aerospace

Aug 09, 2022over 3 years ago

Acquiring Company

Mirion

Acquired Company

Collins Aerospace (RTX Corporation)

AtlantaCharlotteManufacturingScience And EngineeringGovernment And MilitaryManufacturingSoftware

Description

Mirion Technologies, Inc. (NYSE: MIR) (“Mirion”), a leading provider of comprehensive systems that detect and monitor radiation in medical, industrial and defense end markets, today announced the acquisition of the Critical Infrastructure (CI) business of Collins Aerospace (through ARINC Incorporated, a subsidiary of Collins Aerospace) is now complete, and the CI business will integrate under the Mirion brand as Secure Integrated Solutions (SIS).

Company Information

Company

Mirion

Location

Atlanta, Georgia, United States

About

Mirion (NYSE: MIR) is a global leader in radiation safety, science and medicine, empowering innovations that deliver vital protection while harnessing the transformative potential of ionizing radiation across a diversity of end markets. Focused on nuclear and safety, the Mirion Technologies group is committed to powering advancements in nuclear energy through proven radiation safety technologies and expertise. Dedicated to driving better patient outcomes, the Mirion Medical group is focused on improving quality in cancer care through its broad range of solutions that enhance the delivery and ensure safety across the medical landscape. Headquartered in Atlanta (GA – USA), Mirion employs approximately 2,800 people and operates in 12 countries.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed