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.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
View all posts by Gregory T. Huang