Cubic Acquires Nuvotronics
Cubic acquired Nuvotronics, a technology provider of micro-fabricated Radio Frequency (RF) products, for approximately $64 million in cash. This is subject to customary adjustments, with additional earn-out payments of up to $8 million based on future performance.
The cornerstone of Nuvotronics’ innovation platform is their patented PolyStrata technology, which was developed under the Defense Advanced Research Projects Agency (DARPA). This helps enable the company to design and produce uniquely packaged RF devices, such as antennas, filters and combiners. With the acquisition of Nuvotronics, Cubic expects to accelerate multiple innovation initiatives across Cubic’s protected communications portfolio.
“Cubic provides integrated mission solutions to solve our customers’ most challenging problems. 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 Cuic Chairman, President, and Chief Executive Officer (CEO) Bradley H. Feldmann. Additionally, Cubic Mission Solutions President Mike Twyman commented that “Nuvotronics’ PolyStrata technology will significantly enhance our protected communications business and position Cubic to address additional high-priority, dual-use technology markets in space, electronic warfare, hypersonic and 5G communications.”