Giga-tronics to Acquire Gresham Worldwide in Share Exchange
December 28, 2021
Giga-tronics Incorporated will acquire Gresham Worldwide, a global defense electronics provider, through a share exchange agreement with BitNile Holdings. The combined company is expected to create a standalone public entity with approximately 60+ global defense customers and combined revenues of about $40 million.
- Buyers
- Giga-tronics Incorporated, BitNile Holdings, Inc., Ault Alliance
- Targets
- Gresham Worldwide, Inc.
- Sellers
- BitNile Holdings, Inc.
- Industry
- IT Services
- Location
- California, United States
- Transaction Type
- Buyout
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