Orolia, which makes “resilient” positioning, navigation, and timing products, has agreed to acquire “ultra-accurate” timing provider Seven Solutions, Orolia announced on 25 October.
Seven Solutions, which is based in Granada, Spain, and has 45 employees, helps networks synchronise time with sub-nanosecond accuracy. Orolia said the acquisition will enhance its portfolio for defence, aerospace, data centers, telecommunications, financial services, smart grids, and other critical infrastructure industries.
Orolia will buy Seven Solutions from its three founders and expects to close the transaction by year-end. Financial terms of the deal were not disclosed.
The acquisition will be Orolia's 11th in the past seven years. Orolia, which has headquarters in both France and the United States, has 390 employees.
The Seven Solutions acquisition is not being made by Orolia Defense & Security, which became a separate entity in 2019 to make it easier to work on sensitive US defence projects. While Seven Solutions' technology has defence applications, the company does not conduct “sensitive” business for the US Department of Defense, Orolia explained.
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