The Technology M&A and Public M&A teams advised KVH Industries, Inc. (NASDAQ: KVHI) on its asset purchase agreement with EMCORE Corporation. Pursuant to the asset purchase agreement, KVH has sold its assets primarily related to its Inertial Navigation segment to EMCORE for $55 million in cash. The signing and closing of the transaction occurred simultaneously.
KVH Industries is a global leader in mobile connectivity systems, with innovative technology designed to enable a mobile world. A market leader in maritime VSAT, KVH designs, manufactures, and provides connectivity and content services globally. Founded in 1982, the company is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI and more than a dozen offices around the globe.
The Goodwin team was led by Joshua Zachariah, David Powers and James Ding, and included Cynthia Li, Stephanie Barbanell, Sean Milligan, Andrew Lacy, Ortal Ben Aharon, Steven Clemens, Aime Salazar, Christina Lewis, Sophie Duffy, Andy Barton, Andre Amorim, Deborah Birnbach, Ai Tajima, Stephen Charkoudian, Edward Ames, Jason Yeoun, Jacqueline Klosek and Nathan Brodeur.
For additional details on the transaction, please read the press release.