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saic-closes-12b-acquisition-of-unisys-federal-nazzic-keene-quoted

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.

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