SAIC Closes $1.2B Acquisition of Unisys Federal; Nazzic Keene Quoted

Jeff Brody
Nazzic Keene

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.

You may also be interested in...

RENK to Buy L3Harris’ Combat Propulsion Systems, Magnet-Motor Businesses; Florian Hofbauer Quoted

RENK, a Germany-based maker of automatic transmissions and gear units for military vehicles, has agreed …

COMSovereign Expands Aerial Platform Business Through Sky Sapience Acquisition; Dan Hodges Quoted

Dallas-based communications technology company COMSovereign Holding (Nasdaq: COMS) has acquired Israel-based aerial rotorcraft developer Sky …