U.S., March 17 -- San Diego-based technology company Cubic Corporation announced this week its acquisition of microfabricated radio frequency (MRF) company, Nuvotronics. The deal saw Cubic pay approximately US$64mn in cash for Nuvotronics, with an additional earn-out payment of up to $8mn based on future performance.
Cubic provides integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Nuvotronics' MRF products, such as antennas, filters and combiners, are component parts in Cubic's product offerings. The company is based in Durham, North Carolina and primarily serves gov...