Boeing [BA] last week said it has acquired Miro Technologies, a small firm that specializes in software for supply chain management and logistics support, a deal that builds on the company’s defense logistics business and expands its global footprint.
Terms of the deal were not disclosed. California-based Miro has about 120 employees and has operations in Saudi Arabia, Oman and Britain.
“Boeing’s services and logistics business has grown significantly in recent years, and Miro has been a trusted technology partner during that time,” Tony Parasida, president of Boeing’s Global Services & Support business within the company’s defense segment, said in a statement. “Bringing Miro into Boeing will provide us with industry-leading maintenance, repair and overhaul and performance-based logistics (PBL) supply chain software capabilities to help our customers plan and execute missions across the ground, air, sea and space domains.”
Miro’s key product is its GOLDesp software solution for aftermarket logistics support, maintenance, supply and repair operations, and PBL program management. Boeing currently uses the software in some of its largest PBL contracts such as the C-17 cargo plane, AH-64D Apache helicopter and a logistics information system for Britain’s Ministry of Defence.
Additional customers of Miro include the Royal Saudi Air Force, Oman Ministry of Defence, Lockheed Martin [LMT], Britain’s BAE Systems, Northrop Grumman [NOC] and others.
In the past few years Boeing has bolstered its logistics and supply chain management support capabilities through several acquisitions. Miro complements the sourcing and forecasting expertise within Boeing’s supply chain management business and its asset visibility capabilities.
Miro will become part of the GS&S business within Boeing. Miro’s management is staying on with the company.
Jefferies & Co. served as Miro’s financial adviser on the deal.