M&A Activity

Bernhard Gerwert: Airbus to Downsize Defense, Space Division

Airbus Group will sell some of the subsidiaries and business units within its defense and space division after what the aerospace and defense conglomerate called a “detailed and comprehensive portfolio assessment.” Airbus Group said Tuesday that it identified its commercial and para-public communication business as among the candidates for divestment and said it also …

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Steve Ikirt: Triple-i Purchases IT Firm Global Net Services

Information Innovation Inc. has moved to bolster its government-focused information technology services portfolio by acquiring IT firm Global Net Services. The companies aim to develop a suite of software and systems development, cloud computing, business intelligence and geospatial technology offerings for federal customers, Triple-i said Sept. 4. “Bringing together Triple-i …

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Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

Lockheed Martin (NYSE: LMT) has created an Israel-based business unit to offer cybersecurity tools and other enterprise information technology products to customers in that country, The Wall Street Journal reported Monday. Amir Mizroch writes that Lockheed formed the Israeli subsidiary to also pursue defense contracts as well as technology partnership …

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Oracle Closes Buy of MICROS Systems; Mike Webster Comments

Oracle Corp. (NYSE: ORCL) has established a new hospitality global business unit after the company completed the acquisition of MICROS Systems (NASDAQ: MCRS) for an undisclosed amount. Mike Webster, senior vice president and general manager of Oracle retail and hospitality sector, will lead the newly formed business unit, the company said Monday. “Together, Oracle …

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General Dynamics to Consolidate AIS, C4 Business Arms; Chris Marzilli to Head Combined Org

General Dynamics (NYSE: GD) will combine its advanced information systems and C4 systems business units into a single organization that will adopt the name General Dynamics Mission Systems. The company said Monday that the consolidation will take effect in January 2015 and Chris Marzilli, current president of the C4 systems …

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Exelis Sets Mission Systems Business Spinoff Completion Date, ‘Vectrus’ to Start NYSE Trading Sept. 29

Exelis‘ (NYSE: XLS) board of directors has approved the spinoff of the company’s mission systems business division into a separate, publicly traded company that will operate as Vectrus. The companies have set Sept. 27 as the date to complete the transaction and Vectrus will begin regular way trading on the New York Stock Exchange Sept. …

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Cryptzone Buys HiSoftware, Kurt Mueffelmann to Lead Combined Firm

Cryptzone has bought compliance and security provider HiSoftware Inc. for an undisclosed amount in a move to grow security offerings for data stored in cloud computing platforms, mobile devices and data centers. Kurt Mueffelmann,  HiSoftware’s CEO, will serve as chief executive at the combined company,   Cryptzone said Friday. “Through this acquisition, we believe …

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Oracle to Begin 2nd Tender Offer Period for Remaining MICROS Shares

A subsidiary of Oracle (NASDAQ: ORCL) will begin a second tender offer period for shares of MICROS Systems (NASDAQ: MCRS) following the completion of the initial tender offer on Tuesday. Oracle said Wednesday that its Rocket Acquisition arm has tendered around 82.8 percent of the MICROS outstanding shares,  with the remaining shares expected to be acquired in the …

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Robert Mehrabian: Teledyne Adds Acoustic Tools Through $171M Purchase of Bolt Technology

Teledyne Technologies (NYSE: TDY) has agreed to acquire Bolt Technology Corp. (NASDAQ: BOLT) for nearly $171 million in a move that Teledyne Chairman and CEO Robert Mehrabian says is intended to expand his company’s marine instrumentation portfolio. Mehrabian said Wednesday that Bolt’s SeaBotix business will become a part of Teledyne’s marine systems business. “Bolt’s geophysical acoustic sources …

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Kofax Buys E-Signature Firm Softpro

Kofax (NASDAQ: KFX) has moved to build up its information security offerings with the acquisition of German verification systems provider Softpro for an undisclosed amount. Irvine, California-based Kofax said Tuesday it expects the transaction to add fraud detection and electronic signature verification to its First Mile business process management software. Kofax expects …

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