M&A Activity

Exelon, Pepco Seek Regulatory Approval for Merger; Chris Crane Comments

Exelon Corp. (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) have filed approval applications with regulators in Delaware, D.C. and New Jersey for their proposed merger. The companies intend to combine their electric and gas utilities into an electric and gas business in the mid-Atlantic, Exelon said Wednesday. “We are …

Read More »

Cisco Acquires Tail-f Systems for $175M

Cisco announced Tuesday their intention to acquire privately held Tail-f Systems for $175 million, a plan set in motion by AT&T to reshape and virtualize telecommunications networks in the cloud. Cisco aims to incorporate Tail-f into its cloud and virtualization group to increase marketability in telecom infrastructure, the company said …

Read More »

Lockheed to Buy Thin-Film Coating Maker Deposition Sciences

Lockheed Martin (NYSE: LMT) has agreed to purchase Deposition Sciences, an Advanced Lighting Technologies subsidiary that manufactures optical thin film coatings. Financial terms of the deal were not disclosed and the companies expect to close the transaction within 30 days subject to customary regulatory approvals, Lockheed said Wednesday. Lockheed intends …

Read More »

Saab Forms Co-op with Nexter Munitions to Supply Weaponry to Roquette NG

Defense and security company Saab today announced that it had signed an agreement with Nexter Munitions to supply AT4 weaponry to the future French Roquette NG program. The anti-armor AT4, disposable shoulder-launched weapon system has been battle-tested time and time again in the warfare environments of today, effectively used against …

Read More »

Hilton Romanski: Cisco Seeks to Grow Network Virtualization Work Through Tail-f Systems Buy

Cisco (NASDAQ: CSCO) has agreed to acquire network automation software developer Tail-f Systems for $175 million cash as Cisco aims to grow its virtualization technology portfolio for multi-vendor environments. The transaction is subject to customary regulatory approvals and is slated to close in the fourth quarter of Cisco’s 2014 fiscal …

Read More »

Level 3 Signs $5B Cash-and-Stock Deal to Buy TW Telecom; Jeff Storey Comments

Level 3 Communications (NYSE: LVLT) has agreed to purchase tw telecom (NASDAQ: TWTC) for approximately $5.3 billion in cash and stock as Level 3 looks to expand its share of the telecommunications and Internet services market. Tw telecom stockholders would receive 0.7 shares in Level 3 plus $10 cash for …

Read More »

Rich Sorelle: Exelis Seeks C4ISR, Analytics Portfolio Growth With Celestech Buy

Exelis (NYSE: XLS) has acquired technology development and engineering services firm Celestech in a move to grow Exelis’ portfolio of C4ISR and data analytics offerings. Financial terms of the deal were not disclosed and Exelis does not expect the transaction to have a material impact on its second quarter 2014 …

Read More »

Preferred Systems Solutions Acquires Buys Envision Technical Services; Scott Goss Comments

Preferred Systems Solutions has acquired Envision Technical Services, a provider of applications to intelligence and defense clients, for an undisclosed sum. Scott Goss, president and CEO of PSS, said Tuesday the company intends to grow its services and offerings for the national security community through the transaction. “The acquisition of …

Read More »

Martin Gee: Thales-Finmeccanica JV Makes Space Tech Push in Buy of SEA Business Unit

Thales Alenia Space has acquired the space business of U.K.-based software design and engineering services provider Systems Engineering & Assessment Ltd. for an undisclosed amount. The Thales Group–Finmeccanica joint venture seeks to grow its customer base and gain a foothold in the U.K. electronics and space mission technology market through …

Read More »

McLean Group’s Mitchell Martin: Sellers Have Wider M&A Market Options

Mitchell Martin, a principal at McLean Group LLC, said the M&A market looks well from the seller’s perspective as both traditionally active public buyers and smaller firms who filled the gap when the former sat on the sidelines last year are now playing the field. M&A activity for the first …

Read More »