Karman to acquire Seemann Composites and MSC for $220M

Karman (KRMN) Space & Defense announced its entry into a definitive agreement to acquire Seemann Composites and MSC. Seemann and MSC’s core technologies for submarines and related amphibious platforms include (i) sonar, acoustic and signal mitigation solutions, (ii) subsea and surface propulsion systems, and (iii) missile and amphibious strategic launch products. The transaction is subject to customary closing conditions and regulatory approvals with Karman providing a total consideration of $220M, consisting of $210M in cash and approximately $10M in Karman common shares. Concurrent with this transaction, management affirms its prior fiscal year 2025 revenue and adjusted EBITDA guidance issued on November 6, 2025. Upon completion of the transaction, key members of the Seemann and MSC executive management teams will remain in leadership positions. The transaction is expected to close during the first quarter of Karman’s fiscal year 2026, subject to customary closing conditions and regulatory approvals. At close, Seemann and MSC will operate as wholly owned subsidiaries of Karman.