Kratos Defense & Security Solutions (NASDAQ: KTOS) has acquired assets of a publicly traded infrastructure security and public safety systems integrator for $20 million cash, according to a company announcement.
Kratos said it expects the deal to increase its earnings per share in the year after closing and generate between $35 to $45 million in revenue in 2012.
The acquired business currently has more than $20 million in customer accounts and nearly $18 million in working capital. Kratos said that business is one of Kratos’ public safety and security business unit’s primary domestic competitors.
“The business we have acquired has previously been awarded a multi-year security system deployment at one of our country’s highest profile locations, with a potential future value of tens of millions of dollars, which provides added confidence in the success of this business going forward, ” said Ben Goodwin, president of public safety and security for Kratos.