Analytic Services has purchased Advanced Technology International fromÂ South Carolina-based applied research corporation SCRA for an undisclosed sum in an effort to expand ANSERâs U.S. presence and advance its public service mission through the integration of ATIâs research and development capabilities.
ANSER will add approximately 165 employees to its workforce and expects revenue to increase byÂ $500 million on an annual basis as a result of the acquisition, ANSER said Monday.
SCRA said MondayÂ it will get approximately $25 million from the deal that is set to close today and couldÂ receive $15 million in additional payment from ANSER over the next four years.
Falls Church, Virginia-based ANSER is a nonprofit public service research institute that works to provide studies and analyses to national security, public policy and homeland security communities.
South Carolina-based not-for-profit firm ATI oversees R&D collaborations for U.S. federal agencies to help address technological challenges in the areas of metal parts manufacturing, shipbuilding and electromagnetic spectrum and runs a network of 700 businesses through the R&D consortia.
Carmen Spencer, president and CEO of ANSER, said the acquisition offersÂ the company an opportunity to gain knowledge about defense technology development programs and advise government clients on such efforts.
Law firm Holland & Knight represented ANSER in the transaction.