M&A Activity

Engility Inks $1B Deal for TASC, Tony Smeraglinolo to Retain CEO Title

Engineering and technical services contractor Engility Holdings (NYSE: EGL) has agreed to purchase professional services provider TASC for $1.1 billion in stock. Both Chantilly, Virginia-based companies said Tuesday they expect to close the deal in the first quarter of 2015, pending votes from both sets of shareholders and regulatory approvals. Engility expects the deal to increase …

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Robert Mehrabian: Teledyne Buys Oceanscience in Marine Systems Push

Teledyne Technologies (NYSE: TDY) has bought marine sensor platforms manufacturer Oceanscience Group for an undisclosed amount, a move that CEO Robert Mehrabian said is aimed to grow Teledyne’s marine systems portfolio. Carlsbad, California-based Oceanscience develops oceanographic and hydrographic deployment equipment that works to measure current, map seafloor and analyze physical parameters,  Teledyne said Thursday. “Through the acquisition …

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Finmeccanica–Selex ES Completes Tactical Technologies Buy

Finmeccanica-Selex ES moved to grow its electronic warfare offerings with the acquisition of Tactical Technologies Inc., a provider of EW analysis software and services. Finmeccanica will integrate TTI’s offerings into its EW portfolio under the same brand,  Finmeccanica said Wednesday. Ottawa, Canada-based TTI provides off-the-shelf and bespoke tactical engagement simulation software to clients worldwide. The product works …

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Sudhakar Kesavan: ICF’s $295M Buy of Olson Targets Digital Tech Market

ICF International (NASDAQ: ICFI) has agreed to purchase marketing technology and digital services firm Olson from KRG Capital Partners and other shareholders in a $295 million cash transaction nearly one year after ICF acquired CITYTECH and Mostra. Fairfax, Virginia-based ICF expects the transaction to close within the next month as part of its efforts to …

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Tom Ogburn: LexisNexis Eyes Data Analysis Growth With Moreover Acquisition

LexisNexis‘ legal and professional practice has acquired media management company Moreover Technologies for an undisclosed sum as LexisNexis aims to grow its presence in the market for news monitoring and distribution. Tom Ogburn, managing director of the global business insight solutions division at LexisNexis, said Monday the acquisition will result in the release …

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BAE to Pay $232M Cash for Commercial Cyber Services Firm SilverSky; Ian King Comments

BAE Systems PLC has agreed to acquire commercial cybersecurity services provider Perimeter Internetworking Corp. — which does business as SilverSky — for $232.5 million cash. BAE expects to close the transaction before the end of this calendar year upon the receipt of regulatory approvals, the London-based defense contractor said Tuesday. SilverSky, which operates primarily in …

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Booz Allen Buys Genova Technologies’ Health IT Portfolio; Kristine Martin Anderson Comments

Booz Allen Hamilton has moved to expand its federal health information technology business by acquiring Genova Technologies‘ healthcare assets for an undisclosed amount. The transaction is intended to supplement Booz Allen’s work to deliver technical and engineering health IT services to the U.S. Centers for Medicare and Medicaid Services and …

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LCG Adopts Single Brand in Reorg; Raymond Tye Appointed COO

Rockville, Maryland-based contractor LCG has combined the operations of its grants management and technology services divisions into a single organization that will operate under the name LCG. The company has also appointed 25-year business development veteran Raymond Tye as chief operating officer, LCG said Monday. He will work to align …

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IBM to Shed Semiconductor Business in $1B Deal With Globalfoundries

IBM (NYSE: IBM) has agreed to sell its global commercial semiconductor technology business to Santa Clara, California-based computer chip manufacturer Globalfoundries for $1.5 billion, which would be paid to IBM over the next three years. The companies said Monday that the deal also includes an agreement for Globalfoundries to serve as IBM’s …

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AECOM Closes $4B Buy of URS Corp. in Energy, Gov’t Services Market Push

AECOM Technology Corp. (NYSE: ACM) has closed its estimated $4 billion purchase of San Francisco-based engineering and construction services firm URS Corp. after shareholders at URS approved the transaction Thursday. Los Angeles-based AECOM announced the completion of the deal Friday and said it planned to pursue growth in the oil and …

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