M&A Activity

Lockheed Completes Purchase of Astrotech Space Operations Business

Lockheed Martin has completed the purchase of the Astrotech Corp‘s space operations business, Lockheed said Monday. The acquired business will become a fully-owned Lockheed subsidiary with a presence at both Titusville, Florida and Vandenberg Air Force Base, California. According to Lockheed, the company has helped with satellite launch preparations for more …

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Lockheed Acquires Energy Storage, Conversion Tech Maker Sun Catalytix

Lockheed Martin (NYSE: LMT) has acquired Cambridge, Massachusetts-based energy storage and conversion technology maker Sun Catalytix Corp. for an undisclosed sum. Sun Catalytix will operate as a subsidiary within Lockheed’s missiles and fire control business area and will do business under the name Lockheed Martin Advanced Energy Storage LLC, Lockheed said Monday. Twenty-five …

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Datapipe Buys Cloud Firm Layered Tech, Dan Tudahl to Lead Gov’t Arm

Datapipe has moved to grow its market presence and expanded managed cloud hosting portfolio by purchasing Layered Tech, a midsize provider of managed hosting services and cloud infrastructure-as-a-service, for an undisclosed sum. Datapipe said Tuesday it aims to bolster its Enterprise Cloud Risk Management offering and other cloud solutions focused on federal security and compliance …

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Robert Mehrabian: Teledyne Buys Atlas Hydrographic to Grow Marine Acoustics Portfolio

Teledyne Technologies (NYSE: TDY) has moved to grow its marine acoustic imaging business by purchasing Atlas Hydrographic, a developer of sonar technology for mid and deep water environments. Robert Mehrabian, Teledyne president and CEO, said Monday the company adds multi-beam transmitters for marine science and ocean surveying applications to its …

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Preferred Systems Solutions Buys Global Services & Solutions, Names Jim Ballard Federal Services President

Preferred Systems Solutions has acquired Global Services & Solutions Inc. for an undisclosed amount in a move to pursue business opportunities within the Defense Department. PSS also appointed Jim Ballard, formerly president of GSS, as president of its federal services group, the company said Thursday. “The acquisition of GSS strengthens …

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Bill Madison: LexisNexis Adds to Online Reporting Portfolio With Coplogic Acquisition

LexisNexis Risk Solutions has bought citizen online reporting software firm Coplogic for an undisclosed sum in a move to integrate Coplogic’s technology into the eCrash traffic accident data management. Bill Madison, LexisNexis chief executive for insurance, said Tuesday the company aims to offer a single electronic crash and police reports platform through …

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IBM Buys Cloud Services Firm Lighthouse Security Group; Kris Lovejoy Comments

IBM (NYSE: IBM) has moved to further build its identity and access management offering by acquiring the Lighthouse Security Group subsidiary from Lighthouse Computer Services. Kris Lovejoy, general manager of IBM Security Services, said Monday that IBM made the transaction in order to develop an IAM portfolio that combines both analytics technology and managed …

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Erwin Bieber: BAE Eyes Portfolio Focus With Land Systems South Africa Divestiture

BAE Systems and DGD Technologies 2001 are planning to sell their holdings in the Land Systems South Africa defense company to Denel SOC, a state-owned aerospace and defense company in South Africa, for an estimated $80 million. BAE said Monday that Denel would own LSSA in its entirety as DGD proposed to sell its 25-percent …

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Gemalto Inks $890M Cash Deal to Buy SafeNet

Online security firm Gemalto has agreed to acquire enterprise data protection technology provider SafeNet from Vector Capital for $890 million in cash. Gemalto expects the SafeNet purchase to close in the fourth quarter of this year and will finance the deal with cash on hand and money under existing credit …

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Cerner to Buy Siemens Health Services for $1B; John Glaser, Neal Patterson Comment

Siemens (NYSE: SI) has agreed to sell its health information technology business to Cerner (NASDAQ: CERN) for $1.3 billion cash following approval from the companies’ respective boards. Cerner said Tuesday that it expects the acquisition to add at least 15 cents in 2015 and 25 cents in 2016 to its non-GAAP diluted earnings per share. “The knowledge and strength of …

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