KAL Capital Advises Sale of Geodetics
AEVEX Aerospace announced today its acquisition Geodetics Incorporated. Geodetics Incorporated, headquartered in San Diego, California, designs, develops, and manufactures commercial high-precision positioning and assured navigation products and solutions.
Geodetics builds a suite of low size, weight, and power (SWaP) products for high-precision, assured positioning, navigation, and timing (PNT) that are readily adaptable to any system requiring high-fidelity solutions. Additionally, Geodetics produces application-specific LiDAR mapping and photogrammetry solutions.
“The demand for our solutions is growing dramatically, and a combination with AEVEX is the logical next step for us,” said Dr. Lydia Bock, President and CEO of Geodetics. “AEVEX shares our passion for quality and performance and provides unique insights and access for the continued evolution of our solutions to meet the needs of both civilian and national security customers.”
KAL Capital Markets served as financial advisor and Boyle Law served as legal counsel to Geodetics. Alston & Bird LLP and Crowell & Moring LLP served as legal counsel to AEVEX in support of its acquisition of Geodetics.
About AEVEX Aerospace
AEVEX Aerospace, headquartered in Solana Beach, California, supports the U.S. national security mission around the world by providing full-spectrum airborne intelligence, surveillance and reconnaissance solutions. The company’s capabilities include custom design and engineering, sensor integration and sustainment, aircraft modification and certification, mission operations services, advanced intelligence data processing, exploitation, and dissemination solutions, and tailored hardware and software mission-system tools. With over 600 professionals, AEVEX uses agile and customized approaches to rapidly define, develop and deliver specialized solutions for airborne intelligence requirements to DoD, other government agencies, and commercial businesses. AEVEX has major offices in California, Massachusetts, North Carolina, Ohio, and Virginia.
About Geodetics Incorporated
Geodetics Incorporated is a leading provider of positioning, navigation, and timing (PNT) and sensor fusion technology solutions. Headquartered in San Diego, California, Geodetics has a deep engineering team with decades of experience in solutions design, engineering, prototyping, customization, and production backed by an extensive IP portfolio. Geodetics’ expertise in sensor fusion, inertial/relative navigation, interferometry, mobile mapping, LiDAR electrical/mechanical engineering, artificial intelligence, and fuzzy logic produces high quality, innovative solutions for both commercial and military applications.