BAE Buys Oasys
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.