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URS Purchases Apptis for $260 Million; Randall Wotring Comments

URS (NYSE: URS) announced it has a deal inplace to acquire Apptis for $260 million in cash.

Apptis focuses on IT services for the federal market.

“By enabling URS to serve the growing need for critical IT services, the addition of Apptis enhances our ability to continue to meet the evolving requirements of our federal customers and other agencies, including the intelligence community, ” said URS Federal Services President Randall Wotring said. “The company is operationally and financially strong and offers significant growth opportunities. Apptis will complement the current engineering, construction and technical services that we provide to federal agencies and broaden our opportunities with existing and new clients.”

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