EMCORE Corporation, a prominent supplier of sophisticated mixed-signal solutions catering to the aerospace, defense, communications, and sensing sectors, has revealed its acquisition of the fiber Optic Gyroscope (FOG) and Inertial Navigation Systems division from KVH Industries, Inc.
This acquisition allows EMCORE to take over all intellectual property, assets, and liabilities associated with KVH’s FOG and Inertial Navigation Systems division, which includes a significant 100,384-square-foot manufacturing facility situated in Tinley Park, Illinois.
Key Aspects of the Acquisition
- Introduces a new revenue stream exceeding $30 million annually
- EBITDA-positive integration with expected synergies over the next two years
- Opportunities for value enhancement across all levels of the profit and loss statement
- Established clientele within the Army and various terrestrial applications
- Unlocks new avenues in the expanding industrial autonomy sector
Leadership Insights
Jeff Rittichier, the President and CEO of EMCORE, expressed enthusiasm about the acquisition, stating, “We are thrilled to integrate not only a robust and expanding business with KVH’s inertial navigation team but also top-tier manufacturing capabilities, cost-effective technology development, and an outstanding sales force. By merging these strengths with EMCORE’s closed-loop and transceiver technologies,we foresee notable growth opportunities for both entities in terms of revenue,gross margins,and net income. The inclusion of KVH’s inertial navigation product line further broadens our reach into the tactical-grade market segment, reinforcing EMCORE’s status as one of the leading independent providers of inertial navigation solutions in the industry.”
