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Tag Archives: M&A Activity

Belcan Targets IT Security Market With Intercom Consulting & Federal Systems Buy


Belcan, a portfolio company of private investment firm AE Industrial Partners, has purchased Intercom Consulting & Federal Systems for an undisclosed sum in a push to help address customer demand for information technology security platforms and services. Belcan CEO Lance Kwasniewski said in a statement released Wednesday the purchase will help expand Belcan’s efforts to …

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Dynamis Buys DGI’s Emergency & Security Mgmt Solutions Unit for IT Market Push

acquisition, merger

Dynamis has purchased Defense Group Inc.’s Emergency & Security Management Solutions subsidiary for an undisclosed sum in an effort to expand the delivery of technology platforms to federal government and industry clients both in the U.S. and overseas. The deal also includes the acquisition of the COBRA security and emergency …

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Centerra Buys TDI in Humanitarian Demining Market Push; Paul Donahue Comments


Centerra Group has purchased battle area and landmine clearance provider The Development Initiative for an undisclosed sum as part of Centerra’s global expansion efforts and plan to re-enter the humanitarian mine clearance services market. TDI will operate as a Centerra Group subsidiary through its headquarters in Zimbabwe, Centerra said Friday. Paul Donahue, president …

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Leanne Caret: Boeing Considers ‘Bolt-On’ Acquisitions in Services Sector

Leanne Caret

An official with Boeing (NYSE: BA) said the company plans to make smaller bolt-on acquisitions in the services sector in an effort to increase revenue of the firm’s defense, space and security business, Bloomberg reported Monday. Leanne Caret, CEO of Boeing’s defense, space and security business, said Boeing plans to …

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Blue Coat’s Michael Fey to Join Symantec as President, COO; Dan Schulman Comments

Michael Fey

Michael Fey, president and chief operating officer at Sunnyvale, California-based security and network technology provider Blue Coat, will serve in the same roles at Symantec (Nasdaq: SYMC) upon completion of the latter company’s acquisition of Blue Coat. Symantec said Monday Fey will report to the incoming Symantec CEO Greg Clark, formerly CEO of …

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Paul Fernandes to Retire as STG Group President; Simon Lee Comments

STG logo

Paul Fernandes, president of the government services contractor STG Group, will retire from his role by the end of 2016 after a 12-year career at the Reston, Virginia-based company. STG said Thursday Fernandes plans to stay in the role until the end of the year as the company works to identify and appoint a CEO. …

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Polycom Accepts $2B Buyout Offer From Siris Capital, Backs Out of Mitel Deal

big data2

Global communications services provider Polycom (Nasdaq: PLCM) has signed a new agreement to be purchased and taken private by investment firm Siris Capital for $2 billion and terminate a previous $1.96 billion merger deal with Ottawa, Canada-based Mitel (Nasdaq: MITL) announced in April. Polycom said Friday its board of directors received an offer letter from Siris on Thursday …

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SES to Buy Remaining O3b Networks Stake for $730M

acquisition, merger

Luxembourg-based communications satellite operator SES has exercised a call option to acquire the remaining 50.9 percent stake in Channel Islands-based satellite broadband services provider O3b Networks through an estimated $730 million deal with other O3b shareholders. SES said Monday it will use money the company raised during a recent equity financing event to fund the transaction and …

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KBR Unveils Rebranded Wyle as $570M Acquisition Closes


KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment. KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per year post-acquisition and have …

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Airbus, Safran Merge Space Launch Operations in Joint Venture


Airbus Group and Safran have completed the merger of their space launch operations through a joint venture in an effort to support commercial sector clients in Europe. Safran will pay approximately $835 million to Airbus in order to acquire a 50-percent stake in Airbus Safran Launchers joint venture, Airbus said …

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