Science Applications International Corp. (NYSE: SAIC) on Friday finalized its purchase of Unisys’ (NYSE: UIS) federal arm for approximately $1.2B in cash as part of efforts to expand the delivery of digital transformation support to the U.S. government.
Nazzic Keene, CEO of SAIC and a 2020 Wash100 award winner, said in a statement published Monday the acquisition comes as the company continues on its journey to become a leading information technology modernization services provider to government agencies.
“We are thrilled to welcome approximately 2,000 new colleagues to SAIC,” Keene said. “As one organization, we will make a profound difference for our customers through digital transformation.”
The completion of the acquisition first announced in early February came a day after the expiration of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.