◂ Announcements

Nov 8, 2024ACQUISITIONFairfield, New Jersey, United States

Velocity One signs merger agreement to acquire EMCORE Corporation

Velocity One, an aerospace manufacturing holding company backed by Charlesbank Capital Partners, signed a merger agreement to acquire EMCORE Corporation for $3.10 per share in cash. EMCORE will become a wholly owned subsidiary of Velocity One, joining Cartridge Actuated Devices and Aerosphere Power under the holding company.

Status

Announced

Productsinertial navigation solutionsenergetic devicespower system solutions

CompaniesCharlesbank Capital Partners investor Emcore Corporation target Velocity One acquirer

Sectors#Aerospace Components

“We are excited to bring our playbook to EMCORE, as well as decades of experience operating aerospace and defense manufacturing and engineering businesses”velocity-one.com

2 sources
velocity-one.comVelocity One Signs Merger Agreement with EMCORE Corporation - Velocity OneNov 8, 2024
globenewswire.comVelocity One Signs Merger Agreement with EMCORE (EMKR)EMCORE CorporationNov 8, 2024

Summarized from public sources; check the original articles before acting on it.

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