Tag: Henry Brothers
Kratos pays $20m cash for integration business
January 4, 2012Martha Entwistle
SAN DIEGO—Kratos Defense & Security, which last year beefed up its systems integration business with the acquisition of Henry Brothers, on Dec. 30 paid $20 million cash to buy the security integration business of “one of its most formidable competitors.”While the Kratos announcement does not name the competitor, sources tell Security Systems News that the company is Ingersoll Rand Security Systems, the systems integration arm of Ingersoll Rand Security Technology. Contacted by Security...
Kratos agrees to buy Henry Brothers for $45m
October 7, 2010Martha Entwistle
FAIRLAWN, N.J.—The agreement, announced Oct. 6, that Kratos Defense Security Systems would acquire Henry Brothers Electronics for $45 million started with a tap on the shoulder at ISC West.
“That was where I was first introduced to the idea,” Jim Henry, CEO of Henry Brothers told Security Systems News. “The guys from Imperial Capital [John Mack, Jeff Kessler, Michael McManus] had been noodling on the potential synergies between the two companies before they approached me...