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Trive-Backed Karman Systems Acquires Systima Technologies, Creating Leader In Space And Hypersonic Market

PUBLIC · KRMNSep 24, 2021

Acquiring Company

Karman+

Acquired Company

Systima Technologies

DenverManufacturingInformation TechnologyEnergySoftwareArtificial IntelligenceGovernment And MilitaryMessaging And TelecommunicationsAerospaceNational Security

Description

The senior leadership team of Systima Technologies, Inc. ("Systima") has partnered with Karman Missile & Space Systems ("Karman" or the "Company") backed by Trive Capital ("Trive"), the Dallas-based private equity firm. The addition of Systima represents another acquisition that expands the core competencies, customer base, and platform content in a strategic way to enable Karman to deliver more comprehensive solutions to its customers in the space and hypersonic markets. The leadership team of Systima will continue as equity holders and senior leaders of Karman. The acquisition of Systima represents the fifth transaction Trive has completed in the last 12 months in building the Karman platform, a purpose-built strategy dedicated to space and hypersonic system infrastructure.

Company Information

Company

Karman+

Location

Denver, Colorado, United States

About

Karman+ is a Denver-based asteroid mining startup focused on extracting resources from near-Earth asteroids. The company aims to provide sustainable energy and resources both in space and for Earth. Their initial plan involves using asteroid regolith to refuel space tugs servicing satellites in geostationary orbit. Long-term, Karman+ seeks to revolutionize industries by relocating production off-planet.

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Frequently asked

Who acquired Systima Technologies?

Systima Technologies was acquired by Karman+, based in Denver. The deal was reported on September 24, 2021. Karman+ is a Denver-based asteroid mining startup focused on extracting resources from near-Earth asteroids. The company aims to provide sustainable energy and resources both in space and for Earth. Karman+ is publicly traded (KRMN) and operates in Manufacturing.

When did Karman+ acquire Systima Technologies?

Karman+'s acquisition of Systima Technologies was reported on September 24, 2021. The senior leadership team of Systima Technologies, Inc. ("Systima") has partnered with Karman Missile & Space Systems ("Karman" or the "Company") backed by Trive Capital ("Trive"), the Dallas-based private equity firm. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Systima Technologies do?

Systima Technologies is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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