BAE Systems on Tuesday entered into a definitive agreement to acquire OASYS Technology, a privately owned company specializing in the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and commercial markets. Financial terms of the acquisition, which is expected to close this year, were not disclosed.
BAE said the acquisition will "complement BAE Systems’ existing electro-optical capabilities, technologies and product offerings."
“OASYS Technology’s talented workforce and technologies will enhance BAE Systems’ ability to serve its customers as a leader in day/night surveillance and targeting systems as well as precision guidance,” commented Bob Murphy, executive vice president of BAE Systems, Inc. product sectors.
OASYS Technology employs 65 people at its 40,000 square foot design and manufacturing facility in Manchester, N.H. Upon closing, OASYS’s operations will be integrated with the BAE Systems business headquartered in Nashua, N.H.