Customers and Partners FAQ

What was announced?: VT Kinetics Inc. (VTK) is acquiring an 80% stake in MÄK Technologies. VTK is a subsidiary of VT Systems Inc. (VTS) who is the US headquarters of ST Engineering Ltd. This transaction is subject to customary regulatory approvals and other closing conditions.
Who is VT Systems Inc.?: VT Systems (VTS) is a holding company. Their portfolio includes companies in diverse areas including IP networking, military peripheral manufacturing, ship building, advanced hydro-mechanical vehicle control systems, and aircraft maintenance. They have a small staff located in Alexandria, Virginia tasked with managing their subsidiaries. The Chairman and CEO of VTS is GEN (Retired) John Coburn, former Commanding General of US Army Materiel Command.
Who is ST Engineering?: ST Engineering is a global, integrated, engineering group with capabilities spanning the aerospace, electronics, marine, and land systems sectors.
Why is VT Systems acquiring MÄK?: VT and its parent companies were attracted to the value and success of MÄK’s business model. They want to capitalize on our experience, market position, and channels to productize their intellectual property and enter the growing US COTS training and simulation marketing.
Why is this good for MÄK and MÄK’s customers?: MÄK will be able to tap into ST’s vast pool of intellectual property, which will help us accelerate the growth of our products and product lines.

In an era of consolidation among M&S companies, this acquisition will ensure our ability to better compete with other product companies that are backed by large defense contractors.
What will this acquisition change about MÄK? Will it change how MÄK does business?: Customers have often asked us not to change a thing about MÄK, and we’re listening. We’re pleased that VT and ST recognize the value of the way we work and are committed to not changing things.

MÄK will remain in Cambridge under its current leadership. Our resellers will remain the same. Our partners will remain the same.
Is MÄK still a US-based company?: Yes. VT Systems is US-based with a US-based board of directors. VTK has a Special Security Agreement (SSA) that will allow MÄK to retain all security clearances and continue to work on classified US programs. ST Engineering, the parent company, is headquartered in Singapore.
Will you continue to sell MÄK products?: Of course! Development of our product line will actually accelerate.
Will you continue to support MÄK products?: You can be reassured that our technical support will remain exactly the same. Customers will still have access to the developers who work on the products. We will strive to maintain our "engineer down the hall" relationship with MÄK users.
What were the terms?: Please see the press release for details on the terms of the agreement.
Who can we talk to at MÄK about this?: Please contact with any questions.