Vectrus, a leading supplier of a wide range of electronic capabilities and services to the armed forces, has announced that it has signed a definitive agreement to acquire Zenetex, a provider of mission readiness and protection solutions to global defense and national security customers. The transaction is valued at about $112 million. The acquisition is expected to build on Vectrus’ capabilities in integrated logistics and already-strong positions in electronic security systems. Vectrus commands a wide range of electronic technologies related to security, including real-time spectrum operations (RTSO) and electromagnetic environmental effects (E3) analysis (see figure). Adding Zenetex will accelerate the converged infrastructure strategy for Vectrus and add new Department of Defense (DoD), intelligence, and foreign military customers.
“I am excited to welcome the Zenetex employees to Vectrus," said Chuck Prow, president and chief executive officer of Vectrus. “This important acquisition significantly enhances our capabilities across a number of high-priority clients and accelerates our strategy to deliver a more integrated and comprehensive suite of solutions to our clients globally. Zenetex broadens our reach into the Intelligence Community and expands our engineering and digital technology offerings, which is critical as we expand our capabilities to help our clients' transition to a more instrumented and converged approach to supply chain and facility management.” Zenetex brings a sizable backlog in active business, with over $700 million in contract backlog.