Mercury Systems, Inc. (NasdaqGS:MRCY) entered into a definitive agreement to acquire Avalex Technologies Corporation for approximately $160 million on September 27, 2021. Pursuant to the terms of the agreement, Mercury Systems, Inc. will acquire Avalex for an all-cash purchase price of $155 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses are expected to be funded through a combination of cash on hand Mercury’s existing revolving credit facility. The acquisition is subject to customary closing conditions, including approval pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is currently expected to close during Mercury’s fiscal 2022 second quarter ending December 31, 2021. As of November 2, 2021, the transaction is expected to close in early November 2021. Mercury Systems, Inc. (NasdaqGS:MRCY) completed the acquisition of Avalex Technologies Corporation on November 5, 2021.