EMCORE Corporation
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EMCORE Corporation - overview
Established
1986
Location
Budd Lake, NJ, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
EMCORE Corporation is a US-based provider of advanced inertial navigation solutions that utilize fiber optic, ring laser gyro, and MEMS technology for military and defense applications. Founded in 1986 in Budd Lake, US, EMCORE Corporation specializes in inertial navigation solutions. The company has executed 2 deals as of November 2024. Jeffrey Rittichier serves as the CEO, overseeing the operations that cater to various military branches and international defense forces.
EMCORE Corporation focuses on advanced inertial navigation solutions, with its flagship TACNAV® family of systems designed for military applications, ensuring reliable navigation in GPS-compromised environments. Its client base includes branches of the U. S. military and international defense forces, supporting tactical missions and UAV navigation.
EMCORE's offerings prioritize quality manufacturing and precision engineering, designed to operate under extreme conditions across aerospace and defense sectors. In the fiscal year 2024, EMCORE Corporation reported a revenue of USD 85. 90 mn, with an EBITDA of USD -19. 04 mn, generated primarily from direct sales of navigation systems and inertial measurement units through B2B contracts with military and defense clients.
In November 2024, Charlesbank Capital Partners agreed to acquire EMCORE Corporation as part of a PIPE deal, although financial terms remain undisclosed. This acquisition is intended to bolster the company’s growth strategy, which may involve the development of new products and expansion into additional markets.
Current Investors
Charlesbank Capital Partners, Velocity One
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Aerospace, Automobiles, Other Vehicles & Parts, Electronic Components
Website
www.emcore.com/
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
EMCORE Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | EMCORE Corporation | - | ||||||||
| PIPE | Completed | EMCORE Corporation | - | ||||||||
| Trade Sale | Completed | SolAero Technologies Corporation | - |
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