Veritas Capital to acquire CAES Space Systems from CAES.

Veritas Capital, a technology and government investment firm, agreed to acquire CAES Space Systems, an independent supplier of high-reliability electronic solutions for space, defense, healthcare and industrial applications, from CAES, a pioneer of advanced electronics. Financial terms were not disclosed. "CAES Space Systems is uniquely differentiated by the breadth of its technical capabilities and segment expertise, as well as its long history of delivering critical solutions to customers. Operating in space and defense markets supporting national security, CAES Space Systems is well-positioned to thrive as a standalone business under Veritas ownership. We will deploy our significant government technology experience working with Mike Elias and rest of the CAES Space Systems team to accelerate growth and value proposition to customers," Ramzi Musallam, Veritas CEO and Managing Partner.