Foley Advises Velocity One in Signing of Merger Agreement with EMCORE

Foley & Lardner LLP served as legal advisor to Velocity One, a newly formed aerospace manufacturing holding company, in its signing of a merger agreement with EMCORE Corporation, a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One.

Velocity One will now have three industry leaders operating under its wing. In addition to EMCORE, it will comprise Cartridge Actuated Devices, Inc., a 50-year veteran designer and manufacturer of energetic devices, and Aerosphere Power, a manufacturer of power system solutions for commercial and military aerospace, military ground vehicles, and UAV applications. This strategic combination positions Velocity One as a global leader in aerospace and defense, enabling the company to capture new opportunities, strengthen its market position, and expand its shared customer base.

The Foley deal team was led by partner Curt Creely with support from Kevin Shuler, Jonathan Witt, Sean Aguirre, and Laura Kirtley.