ManTech International Corp. (NASDAQ: MANT) has signed a definitive agreement to acquire information technology solutions provider Worldwide Information Network Systems for $90 million cash.
ManTech expects the move to increase its earnings per share in 2012. WINS will become a part of ManTech’s mission, cyber and technology solutions group led by William Varner.
The company expects to close the deal in November 2011.
Maryland-based WINS holds a prime position on the Defense Intelligence Agency’s solutions for IT Enterprises contract, an indefinite-delivery/indefinite-quantity contract vehicle with a $6.6 billion ceiling and period of performance through 2015.
“This acquisition is consistent with ManTech’s long-term strategy to extend our presence in the defense and intelligence markets, ” said ManTech Chairman and CEO George J. Pedersen. “The addition of WINS’ IT capabilities, prime position on the DIA SITE and other contracts will enhance our positioning with important customers and further our growth prospects.”
