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Mach Industries Acquires Rocket Motor Startup
Description
Mach Industries, a defense tech company, has acquired Exquadrum, a solid rocket motor startup, for $50 million. The acquisition gives Mach direct control over a critical component for modern drones, addressing a major bottleneck in the defense industry. The deal, which started as a chance encounter at an MIT event, allows Mach to bring more of its supply chain in-house, reducing costs and improving quality. Mach Energetics, the rebranded Exquadrum, plans to sell its components and services to other defense firms, positioning itself as a key piece of infrastructure for the wider defense industry.
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