BAE Buys Oasys

9/7/10

Oasys Technology, a Manchester, NH-based company specializing in electronics and optical systems, is being acquired by BAE Systems, the U.K.-based defense and aerospace company. Financial terms weren’t given in the press release, but outlets including Automated Trader and Mass High Tech have reported the deal is worth $25 million upon closing plus an earnout of up to $30 million over time. Oasys was founded in 2004 and has 65 employees at its design and manufacturing center in Manchester. BAE, which has a strong presence in Massachusetts and New Hampshire, says it will integrate Oasys’s operations with BAE’s offices in Nashua, NH.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @

By posting a comment, you agree to our terms and conditions.