Home / M&A Activity / KeyW-Sotera Deal Gets FTC Green Light, Firms Target 2Q 2017 for Closure

KeyW-Sotera Deal Gets FTC Green Light, Firms Target 2Q 2017 for Closure

The Federal Trade Commission has given its approval for KeyW‘s (Nasdaq: KEYW) proposed $235 million all-cash acquisition of Sotera Defense Solutions.

The FTC terminated the required 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the early termination notice brings the deal a step closer to completion, KeyW said Monday.

KeyW first announced the transaction in early March as the Hanover, Maryland-based contractor aims to further augment its portfolio of cybersecurity and geospatial technology products and service offerings for government customers that include the U.S. intelligence community.

Herndon, Virginia-based Sotera Defense Solutions offers a range of national security systems and services to the federal government.

Both companies expect to complete the transaction by the second quarter of 2017.

Check Also

Randy Cole Promoted to NeoSystems SVP for Consulting Services, Product Sales

Randy Cole, formerly vice president of client services at NeoSystems‘ managed accounting services business, has been …

Report: VA, Cerner in Talks Over Terms of 10-Year EHR Modernization Contract

The Department of Veterans Affairs and Cerner (Nasdaq: CERN) are in the final phase of negotiations over …

Subscribe to our Newsletter
I will subscribe later