Cubic to acquire Nuvotronics for $72mn to achieve supply chain synergies
San Diego-based technology company Cubic Corporation announced this week its acquisition of microfabricated radio frequency (MRF) company, Nuvotronics. The deal saw Cubic pay approximately US$64mn in cash for Nuvotronics, with an additional earn-out payment of up to $8mn based on future performance.
Cubic provides integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Nuvotronics’ MRF products, such as antennas, filters and combiners, are component parts in Cubic’s product offerings. The company is based in Durham, North Carolina and primarily serves government agencies, defense primes and commercial sectors.
The absorption of Nuvotronics are expected to enable Cubic to achieve significant synergies across the company’s supply chain, as well as accelerate multiple innovation initiatives across its protected communications portfolio.
"Cubic provides integrated mission solutions to solve our customers' most challenging problems. Nuvotronics' high-performance, reduced size, weight and power (SWaP) capability further strengthens Cubic's offering in our high-growth, high-margin Cubic Mission Solutions business," said Bradley H. Feldmann, chairman, president and chief executive officer of Cubic Corporation. "We welcome Nuvotronics to the Cubic family and look forward to integrating their unique technologies, which are highly synergistic with our existing product lines."
"Nuvotronics' PolyStrata technology will significantly enhance our protected communications business and position Cubic to address additional high-priority, dual-use technology markets in space, electronic warfare, hypersonic and 5G communications," said Mike Twyman, president of Cubic Mission Solutions.
"With Cubic's proven track record for rapidly growing C4ISR acquisitions, we are excited about the opportunities to reach new customers at scale," said Scott Meller, executive vice president, Nuvotronics.
Supply Chain Leader TransImpact Refreshes Identity
Supply chain and logistics leader Transportation Impact today unveils a new corporate identity to reflect its expansion beyond shipping and evolution into an end-to-end supply chain technology solutions provider.
The organisation will be known as TransImpact, today unveiling the new name, a refreshed logo and branding, and an updated website at www.transimpact.com. The new tagline ‘Driving Value. Creating Next’ highlights its new motivation and strategy to evolve its business and ‘create a foundation for new opportunities’.
The Evolution of TransImpact
Branding research revealed to TransImpact that the company has built a strong, industry-wide reputation for agility and innovation over the past 12-plus years, during which it has primarily been known as a pioneer in the parcel negotiation industry. Investment into its new visual and corporate identity reflects that shift, says Berkley Stafford, CEO, TransImpact.
“The name TransImpact is a natural evolution from our original name, Transportation Impact,” Stafford said. “As we evolved to support clients beyond shipping, this new name better reflects our new future as a technology company delivering solutions across the entire supply chain continuum.”
Today’s rebrand is the latest step in TransImpact’s evolution. The company acquired supply chain business intelligence platform Vizion360 in January 2021, and now provides a suites of Software as a Service (Saa) technologies, consultancy, and managed services across its Parcel Solutions, Business Performance Solutions, and Managed Logistics Solutions divisions.
Who Are TransImpact?
- Founded: 2008
- Employees: 150
- Customers: 1000+
- Headquarters: Emerald Isle, North Carolina
- CEO: Berkley Stafford
TransImpact is an industry leader in the development and application of end-to-end technology-based solutions that optimise supply chain operations. It serves more than 1,000 customers, including global organisations such as jeweller Pandora, fashion and footwear brand Toms, and sports equipment company Ping. TransImpact manages over $1bn in logistics spend, and clients that leverage its parcel solutions save an average of 19.7%.
TransImpact is led by chief executive Berkley Stafford, a former UPS man and, more recently, Head of Healthcare Sales, the Americas, for Envirotainer. Stafford has been instrumental in TransImpact’s vision to move beyond shipping, and is a strong advocate for IMPACT1, the company’s philanthropic initiative through which more than $1m has been donated to charitable causes. He holds a BSc in Business Administration from The University of North Carolina at Wilmington.