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Tag Archives: M&A Activity

Engility Closes TASC Purchase

acquisition

Engility Holdings (NYSE: EGL) has closed its $1.3 billion all-stock purchase of TASC to create a company with more than 10,000 employees and approximately $2.5 billion in revenue based on 2014 figures, the companies said Thursday. Engility expects the transaction to increase its earnings per share starting in 2016 after adjustments for amortization ...

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Accenture to Purchase Agilex in Digital Services, Analytics Push

dhs-cyber

The U.S. federal subsidiary of Accenture (NYSE: ACN) has agreed to purchase Chantilly, Va.-based digital services provider Agilex for an undisclosed sum in an effort to expand offerings in analytics, cloud computing and mobility. Accenture Federal Services said Monday it also seeks to grow its agile delivery portfolio in the federal ...

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Harris Signs Deal to Purchase Exelis for $4.75B in Cash, Stock

FalconRadio

Communications technology maker Harris Corp. (NYSE: HRS) has agreed to purchase defense electronics manufacturer Exelis (NYSE: XLS) in a cash-and-stock transaction with an enterprise value of $4.75 billion, or $23.75 per share, the companies said Friday. The price of the deal — Harris’ largest acquisition in company history — is a premium ...

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Raytheon Purchases Unmanned Tech Services Firm Sensintel; Taylor Lawrence Comments

Taylor Lawrence

Raytheon (NYSE: RTN) has purchased Tucson, Ariz.-based unmanned aircraft systems services firm Sensintel for an undisclosed sum and will integrate the company into Raytheon’s missile systems business. Taylor Lawrence, president of Raytheon’s missile systems segment, said Monday Sensintel will become a part of Raytheon’s advanced missile systems product line as Raytheon aims ...

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Bridge Growth Partners Closes CRGT Purchase: Alok Singh Comments

CRGT

New York City-based private equity firm Bridge Growth Partners has completed its acquisition of a majority ownership stake in data analytics and cybersecurity contractor CRGT from Veritas Capital. “The federal IT services sector represents fertile ground for agile software development, big data, and cybersecurity,” Alok Singh, co‐founder and managing principal at Bridge ...

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Olivier Piou: Gemalto Closes SafeNet Acquisition for Enterprise, Cloud Security Strategy

Cybersecurity

Amsterdam-based online security firm Gemalto has closed its estimated $890 million cash acquisition of Maryland-headquartered enterprise data protection technology maker SafeNet from Vector Capital. Gemalto said Wednesday it will add SafeNet into the payment and identity segment and the purchase is primarily of platforms and services. Olivier Piou, Gemalto CEO, said the ...

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FTC Clears Engility-TASC Deal, Firms Eye 1Q 2015 for Closure

acquisition

The Federal Trade Commission has given Engility Holdings (NYSE: EGL) the go-ahead to continue its estimated $1.1 billion all-stock acquisition of TASC. The FTC terminated the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and this move completes one of the conditions for the transaction’s closure, Engility said ...

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