Mergers & Acquisitions

Essex Corporation completes Adaptive Optics Associates acquisition

Published in Health and Medicine Week, October 30th, 2006

Essex Corporation (KEYW) announces completion of its acquisition of Adaptive Optics Associates, Inc. (AOA) from Metrologic Instruments, Inc. (MTLG).

As previously disclosed, AOA was acquired for $40,250,000 in cash (exclusive of accounting and attorney fees and customary closing costs and adjustments).

"We welcome the management and staff of AOA to the Essex team," commented Leonard Moodispaw, CEO and president of Essex Corporation. "Jeff Yorsz will continue to lead AOA as a vice president of Essex and general manager of the AOA subsidiary. The addition of AOA to Essex forges a powerhouse of optical talent, technology and products that has the...

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Source: Health and Medicine Week (2006-10-30)

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