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08/20/07

Security firm Abraxas merges operations with defense tech firm Intrinsix


Virginia-based risk mitigation technology company, Abraxas Corporation, purchased Maryland-based Intrinsix Federal Systems (IFS), a division of Intrinsix Corp., of Westboro, Massachusetts. A specialist in designing application specific integrated circuits (ASICs), IFS supports design and testing of computer chips for various Department of Defense microelectronics projects. It also supports the Trusted Access Program, which provides onshore silicon fabrication for important defense applications. For the past 10 years, IFS has been well known for its services to ''seasoned veterans'' and has supported several Department of Defense projects, both on site and at their own facilities. Abraxas Corporation's engineering talent pool will be enhanced with the acquisition of IFS' integrated circuits experience. Abraxas has established an electrical engineering services division, known as Abraxas Engineering, which will work on a variety of innovative mission critical tasks. Veteran Intrinsix employee, John Weiland, will lead the division as the new Director.

Capri in expansion mode, reaches Atlanta
Sunrise–based Capri Engineering, established in 2002, has acquired Nova Engineering and Environmental. The move stems from the firm's desire to spread out into lucrative markets across the country. Owned mainly by Trident III LP, a private equity fund, Capri has 13 regional offices, including offices in Tampa and Sarasota. These offices provide loss prevention, quality assurance, code compliance, geotechnical, environmental, and related consulting services to the construction industry. Atlanta-based Nova provides geotechnical, environmental consulting, construction materials testing, and inspection services. Both parties have thus far remained silent on the details of the deal.

L.S. Starrett acquires Kinemetric Engineering
Precision measuring tools and equipment supplier, L.S. Starrett Co., announced it has acquired the assets of precision video-based metrology specialist Kinemetric Engineering, LLC. The deal was settled for $2.3 million. Kinemetric Engineering also specializes in specialty motion devices and custom-engineered systems for measurement and inspection. Douglas A. Starrett, president and CEO for Starrett, said that Starrett's metrology products match Kinemetric’s product line. Starrett's metrology products include optical measuring projectors and vision systems. The deal brings "new managerial and engineering talent to Starrett" and gives it a premeditated "focus to provide custom-engineered solutions for industry," added Starrett.
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