Â鶹ֱ²¥ & Lardner LLP served as legal advisor to Velocity One, a newly formed aerospace manufacturing holding company, in its signing of a merger agreement with EMCORE Corporation, a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One.
Velocity One will now have three industry leaders operating under its wing. In addition to EMCORE, it will comprise Cartridge Actuated Devices, Inc., a 50-year veteran designer and manufacturer of energetic devices, and Aerosphere Power, a manufacturer of power system solutions for commercial and military aerospace, military ground vehicles, and UAV applications. This strategic combination positions Velocity One as a global leader in aerospace and defense, enabling the company to capture new opportunities, strengthen its market position, and expand its shared customer base.
The Â鶹ֱ²¥ deal team was led by partner Curt Creely with support from Kevin Shuler, Jonathan Witt, Sean Aguirre, and Laura Kirtley.
