Home / M&A Activity / August Brings IT Firm Buys, News of a Future Split

August Brings IT Firm Buys, News of a Future Split

Acquisitions in August were mostly about information technology firms with five purchases aimed at bolstering IT operations for the new parent companies.

However, the biggest news came from SAIC (NYSE: SAI) as it bought a commercial healthcare IT firm and announced a future split into two separate publicly-traded companies.

Here are the eight deals GovCon Wire covered in August.

IT Sector

Deltek, a government contracting research firm, was bought by Thoma Bravo LLC for $1.1 billion and Deltek’s stockholders are set to receive $13 per share.

CGI Group (NYSE: GIB) bought British information technology consulting firm Logica for an estimated $2.73 billion, with CGI set to have an estimated 72, 000-strong workforce in 40 countries.

SAIC purchased maxIT Healthcare Holdings Inc. for $473 million, adding 1, 300 employees from the Indiana-based health IT firm to SAIC’s health solutions business unit.

Centurylink‘s (NYSE: CTL) Savvis subsidiary will acquire IT assets from Ciber for $7 million, aimed at boosting IT outsourcing offerings including application management and help desk services.

General Dynamics (NYSE: GD) completed its buy of Fidelis Security Systems, a maker of products for detecting and combating advanced persistent cyber threats.

Future Divestiture

SAIC plans to split into two independent, publicly traded companies, with one focusing on technical services and the other on science and technology solutions in national security, engineering and health.

 Military Hardware 

General Dynamics acquired Gayston Corp.’s defense operations and integrated the Ohio-based weapon and armament systems maker into the armament and technical products unit.

Simulation Business

L-3 Communications (NYSE: LLL) bought Thales Training & Simulation Ltd.’s civil aircraft simulation and training business for $130 million and integrated that business into L-3’s electronic systems unit.

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