ISR subsystems provider Mercury acquires LNX

Mercury Computer Systems, an ISR subsystems provider, has completed the acquisition of LNX.

Based in Salem in New Hampshire, US, LNX designs and builds RF receivers for signals intelligence, communications intelligence and electronic attack applications.

Under the terms of a stock purchase agreement, Mercury acquired LNX for an all-cash purchase price of $31m (£20m) with an additional earn-out of up to $5m payable upon the achievement of financial targets in calendar years 2011 and 2012.

LNX’s operations will be combined with Mercury’s Echotek Product Group (EPG) to form new group Microwave and Digital Solutions (MDS), which will specialise in the development of RF and mixed-signal application-ready subsystems and components.