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

VGW Geospatial Wins $240M Army Contract for Borderland Surveying Services

A joint venture between Vertical GeoSolution and Wilson and Company has won a potential five-year, $240M contract to provide surveying services for the Department of Homeland Security's border infrastructure program.

Former NIH Senior Adviser Vivien Bonazzi Joins Deloitte Gov’t, Public Services Practice

Vivien Bonazzi, a more than two-decade bioinformatics veteran and former senior adviser at the National Institutes of Health, has been appointed a managing director within Deloitte's government and public services practice.