Cubic Acquires Nuvotronics for $64M
Friday, March 15, 2019 | Comments

Cubic announced the acquisition of Nuvotronics, a technology provider of microfabricated RF products, for about $64 million in cash, with additional earn-out payments of up to $8 million based on future performance.

Nuvotronics offers patented PolyStrata technology, developed under the Defense Advanced Research Projects Agency (DARPA). The technology enables the company to design and produce uniquely packaged RF devices, such as antennas, filters and combiners, all of which are components in Cubic's technology product offerings. Nuvotronics is based in Durham, North Carolina, and has customers and partnerships across government agencies, defense primes and commercial sectors.

With the acquisition of Nuvotronics, Cubic expects to accelerate multiple innovation initiatives across Cubic's protected communications portfolio and beyond, and to capture significant supply chain synergies. Cubic financed the acquisition from its existing credit facility.

“Nuvotronics' high-performance, reduced size, weight and power (SWaP) capability further strengthens Cubic's offering in our high-growth, high-margin Cubic Mission Solutions business," said Bradley H. Feldmann, chairman, president and CEO of Cubic. "We welcome Nuvotronics to the Cubic family and look forward to integrating their unique technologies, which are highly synergistic with our existing product lines."

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