Atego, of San Diego, on Tuesday announced it has acquired HighRely, of Phoenix, a provider of high reliability engineering systems, services and tools for critical embedded product and systems development. Financial terms were not disclosed.
“The acquisition of HighRely is all about scale, growth and continuing to deliver on our Work-as-One SM strategy to enable engineers to easily meet the difficult challenges involved in designing complex, critical systems,” said James B. Gambrell, chairman of Atego. “HighRely’s expertise in the aerospace and avionics markets adds considerable breadth and depth to our solutions and services for critical system design and development, reinforcing our position in the market and boosting our potential for growth. The unparalleled industry knowledge, expertise and ongoing commitment of HighRely’s employees will also add significantly to our global expansion plans. This acquisition is key for Atego and we plan to invest in the growth of the HighRely business, while continuing to service HighRely’s loyal customers”
Atego said HighRely's expertise specific to the aerospace and avionics, medical equipment, nuclear and transportation industries was key to the acquisition.
“Atego has an enviable reputation for providing robust products and services for complex, critical system and software development,” said Vance Hilderman, president of HighRely. “Our tools and services are the perfect complement to Atego’s highly successful, market-leading solutions portfolio and our skill-base will provide added impetus for growth in Atego’s key market segments.”
Under the terms of the agreement with HighRely, Atego is acquiring the company and all its assets, including service offerings, products and intellectual property. The acquisition will see all of HighRely’s employees, Phoenix headquarters and Avionics Certification Center, ongoing customer commitments and partner relationships integrated into Atego’s global business operations.