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-0.107142857142857 -0.00824175824175819 -0.0659340659340659 -0.0521978021978022 0.0247252747252747 0.0247252747252747 0.021978021978022 0.021978021978022
Stock impact report

EMCORE Announces Acquisition of Systron Donner Inertial, a World Leading Manufacturer of Quartz MEMS Navigation Products

EMCORE Corporation (EMKR) 
Last emcore corporation earnings: 2/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.emcore.com/investor-relations
Company Research Source: GlobeNewswire
ALHAMBRA, Calif., June 10, 2019 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s leading-edge defense systems, today announced that it has acquired Systron Donner Inertial, Inc. (“SDI”) from Resilience Capital Partners for approximately $25.8 million.  Consideration will be in the form of $22.8 million in cash plus 810,698 shares of EMCORE common stock. “This acquisition delivers immediate scale to our growing navigation systems product line and positions EMCORE as one of the largest independent inertial navigation providers in the industry. Merging EMCORE's existing navigation systems product line with SDI’s strong brand, technology and backlog, and program wins, instantly creates a stable, growing, and technically advanced business well-positioned to disrupt market norms.” said Jeff Rittichier, President and CEO of EMCORE.  “SDI provides EMCORE with a scalable, chip-based Show less Read more
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