Rocket Lab Closes USD 80m Acquisition of Space Solar Power Product Supplier SolAero.
M2 EQUITYBITES-January 20, 2022-Rocket Lab Closes USD 80m Acquisition of Space Solar Power Product Supplier SolAero
(C)2022 M2 COMMUNICATIONS http://www.m2.com
California-based end-to-end space company Rocket Lab USA, Inc. (NASDAQ: RKLB) has closed the acquisition of New Mexico-based space solar power product and precision aerospace structures supplier Solaero Holdings, Inc for USD 80m in cash, the company said.
The strategic acquisition expand Rocket Lab's add Solaero's production line of space solar cells to its space systems business.
The SolAero merger is Rocket Lab's third proposed acquisition announced this year, following the acquisition of space software...
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