Cleveland private equity firm Resilience Capital Partners has acquired Systron Donner Inertial, a supplier of quartz microelectromechanical systems used in inertial sensing products that provide precision guidance, navigation and locational solutions.
The Concord, Calif.-based Systron Donner develops products that have been used in business aircraft, fighter jets and the Mars Rover. Leading users of Systron Donner products include a leading defense contractor, a premier aerospace company, a civil and defense aerospace manufacturer, a leader in helicopter production and a naval research agency.
“Systron Donner is an important player in an industry that is critical to America’s future economic prosperity, leadership in aviation and national security,” Resilience Co-CEO Steven H. Rosen said in a statement. “Technology and innovation leadership is important for our nation’s future, and Systron Donner has been at the forefront of developing high-performing, made-in-America inertial sensors and systems for more than 50 years.”
The future for such sensing products is seen as highly promising. The market for inertial navigation systems alone is projected to grow from $9.54 billion in 2017 to $12.26 billion by 2022, a compound annual growth rate of 5.15 percent, according to an analysis by the business forecasting firm ResearchAndMarkets.
“Systron Donner’s proprietary technologies, the increasing size of the inertial sensing market and the company’s long history of relationships with a roster of blue-chip customers make this a company with strong potential,” Rosen said. “We look forward to working with the Systron Donner team to maximize this opportunity.”