Velocity One and EMCORE Announce Strategic Merger in Aerospace Sector

Velocity One, an aerospace manufacturing holding company, has announced a merger agreement with EMCORE Corporation, a provider of inertial navigation solutions for the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One, with a purchase price set at $3.10 per share in cash. This transaction is backed by Charlesbank Capital Partners and has been unanimously approved by EMCORE's board of directors.

Velocity One will leverage its capabilities by integrating EMCORE along with Cartridge Actuated Devices and Aerosphere Power, aiming to drive growth and profitability through a unified platform. The merger seeks to strengthen customer relationships across U.S. and NATO defense programs. With the support of Charlesbank, the merger is seen as an opportunity to enhance market position and resource alignment.