Simulation firm Veraxx gets new owner
Veraxx's products include the Full Flight Simulator (FFS), which can replicate a specific type of aircraft. (Veraxx)
US-based By Light Professional IT Services has expanded its defence portfolio by acquiring Veraxx Engineering Corporation, which builds flight simulators for military aviation training programmes, the buyer announced on 1 August.
Based in Chantilly, Virginia, Veraxx supports platforms such as the Bell-Boeing V-22 Osprey tiltrotor aircraft, the Sikorsky CH-53K King Stallion heavy-lift helicopter, and the Bell AH-1Z Viper attack helicopter. By Light acquired Veraxx from its founders for an undisclosed sum.
The purchase follows By Light's acquisition in 2020 of Raydon Corporation, which provides virtual training equipment to simulate functions such as convoy operations and gunnery. By Light has completed six acquisitions since 2018.
By Light is headquartered in McLean, Virginia, and employs about 2,000 people. It is owned by New York City-based private equity firm Sagewind Capital. Sagewind's other holdings include defence engineering firm Axient, formerly QuantiTech, which is based in Huntsville, Alabama, and has about 2,000 employees.
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