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Veritas Capital To Acquire Caes Space Systems

Oct 13, 2022•about 3 years ago

Acquiring Company

Veritas Capital

Acquired Company

CAES

Crystal CityGovernmentVenture CapitalInformation TechnologyElectronicsManufacturingConsumer Electronics

Description

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.

Company Information

Company

Veritas Capital

About

Veritas is a longstanding technology investor with a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means.

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