Holland & Knight Advises Cubic Corp. in $64 Million Acquisition of Nuvotronics

MIAMI (March 15, 2019) – Holland & Knight advised Cubic Corporation (NYSE: CUB) in its acquisition of Nuvotronics, a disruptive technology provider of microfabricated radio frequency (RF) products, for approximately $64 million in cash, with additional earn-out payments of up to $8 million based on future performance. The deal was announced on March 14.

The cornerstone of Nuvotronics' innovation platform is its patented PolyStrata® technology, which enables the company to design and produce uniquely packaged RF devices, such as antennas, filters and combiners, all of which are components in Cubic's advanced technology product offerings. Nuvotronics is based in Durham, North Carolina and has strong customer relationships and partnerships across government agencies, defense primes and commercial sectors.

Based in San Diego, Calif., Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Cubic has seventy-five locations in more than 20 countries around the world.

Holland & Knight's representation of Cubic was led by Partner Marisa Terrenzi. She was assisted by Partners Elizabeth Burkhard, Mark Whittenberger, Amy Edwards, Marc Druckman and David Barkus; Associates Kelly McKeon and Meaghan Colligan; and Staff Attorney Valery Slosman.