M&A Activity

Malcolm Marshall: KPMG Seeks to Boost ID & Access Mgmt with Qubera Assets Acquisition

The U.S. and U.K. member firms of KPMG have acquired some assets of identity and access management service provider Qubera Solutions as the network aims to bolster its security transformation portfolio. KPMG said Thursday that it expects the move to bring additional capabilities in identity-as-a-service, identity governance and cloud identity federation and help strengthen the U.S. arm’s solutions …

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BAE Wraps Up Signal Innovations Group Buy; DeEtte Gray Comments

BAE Systems has finalized its purchase of Signal Innovations Group, an analytics and imaging platform supplier to the intelligence and defense industries. The companies seek to unify their technology offerings to help customers gain strategic and tactical insights, DeEtte Gray, president of BAE’s intelligence and security business, said Tuesday. “Together, …

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Cisco Acquires Metacloud for Hybrid Cloud Push

Cisco has bought hosted cloud technology provider Metacloud in a move aimed at accelerating the development of Cisco’s intercloud service. Metacloud works with enterprise customers to help them implement and operate data center infrastructure in the cloud through the company’s OpenStack-based software-as-a-service platform, Cisco said Monday. Employees of Metacloud will …

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Exelis Spins Off Gov’t Services Arm ‘Vectrus’

Exelis (NYSE: XLS) has completed the spinoff of its mission systems business unit into a standalone company called Vectrus. Vectrus will trade under the “VEC” ticker symbol beginning on Monday and aims to deliver information technology, infrastructure and supply chain management, network communication and logistics services in the government market, …

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Tom Enders: Airbus Explores Strategic Options for Defense, Security Tech Portfolio

Tom Enders, CEO of Airbus Group, has said the company is in talks with several interested parties for its defense electronics and border security technology assets, Reuters reported Thursday. “The decision is that clearly this is not a core business for us and we have started to discuss with possibly …

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Siemens Inks $7B Cash Deal for Energy Equipment Maker Dresser-Rand; Joe Kaeser Comments

Siemens has agreed to acquire rotating equipment provider Dresser-Rand (NYSE: DRC) for approximately $7.6 billion cash in a move to grow Siemens’ global oil and gas business. Joe Kaeser,  president and CEO of Siemens AG, said Monday that Dresser-Rand will become “the oil and gas” company within Siemens. Siemens expects to complete the …

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Dick Flanigan: FTC Approves Cerner’s $1.3B Siemens Health Services Buy

Cerner (NASDAQ: CERN) has moved closer to completing its \$1.3 billion purchase of Siemens‘ (NYSE: SI) health information technology unit after the U.S. Federal Trade Commission approved the transaction. “We’re pleased to have cleared this important regulatory hurdle and to be one step closer to integrating Siemens Health Services and …

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Hong Hou: Veritas Capital to Buy EMCORE’s Space Solar Cells Portfolio

EMCORE (NASDAQ: EMKR) has agreed to sell its space photovoltaic systems unit to Veritas Capital for $150 million cash. The companies expect to complete the sale later this year or early next year, pending regulatory clearance and approval by EMCORE shareholders, EMCORE said Wednesday. “EMCORE’s board of directors and management …

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Bassim Shebaro: Jacobs Engineering Raises Stake in Saudi Arabian Venture by 15%

Jacobs Engineering Group (NYSE: JEC) has increased its stake in Saudi Arabia-based construction and engineering services company Jacobs ZATE from 60 percent to 75 percent. Bassim Shebaro, Jacobs group vice president, said Tuesday the investment is part of the company’s efforts to grow its presence in the Saudi Arabian market. …

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Cobham Completes $1B Aeroflex Buy; Bob Murphy Comments

Cobham plc has finalized its approximately $1.46 billion acquisition of Aeroflex (NYSE: ARX) after shareholders and regulatory bodies approved the transaction. Following the completed transaction, the Aeroflex business will be consolidated with the British defense contractor’s advanced electronic solutions division and communications and connectivity business group. Cobham said Monday it expects the acquisition to boost the company’s current …

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