Status: Clearance
Acquirer: Orolia SA (France)
Acquired: Talen-X, Inc. (US)
Value: Unknown
Industry: Telecommunications; Communications Equipment Manufacturing
UPDATE: On September 18, 2019, Orolia Defense & Security announced it “has completed the acquisition of TalenX, a U.S. company specializing in advanced Global Navigation Simulation System (GNSS) solutions and Interference, Detection, and Mitigation (IDM) technologies.” (Press Release, Talen-X is now a part of Orolia!, Sept. 18, 2019.) The transaction was “subject to customary closing conditions and approvals . . . [including from] the Committee on Foreign Investment in the United States (CFIUS).” (Orolia Press Release, Agreement to Acquire Talen-X, April 4, 2018.)
Posted on September 18, 2019
Status: Pending
On April 3, 2018, Orolia SA, a privately-owned French Resilient Positioning, Navigation and Timing (PNT) solutions company with a US headquarters in Lanham, Maryland, announced that it will acquire Talen-X, Inc., a privately-owned Ohio based company specializing in positioning, navigation, timing (PNT) solutions and global navigation satellite systems (GNSS). (See Orolia Press Release, Orolia Strengthens Assured PNT Position with Agreement to Acquire Talen-X, a U.S. PNT Provider with expertise in GPS/GNSS threat mitigation, April 4, 2018.) According the Orolia’s press release, “[t]his transaction is subject to customary closing conditions and approvals required by the U.S. Defense Security Service (DSS) and the Committee on Foreign Investment in the United States (CFIUS). (Id.) The terms of the deal have not been released. (See id.)
