M&A Activity

George Pedersen: ManTech Targets DHS Growth With Allied Technology Group Purchase

ManTech International (NASDAQ: MANT) has acquired engineering and information management services contractor Allied Technology Group for an undisclosed amount. Rockville, Md-based Allied Technology holds positions on two Department of Homeland Security acquisition vehicles that are worth up to $33 billion combined for all awardees, ManTech said Wednesday. “This acquisition is consistent …

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Veritas Capital Closes $383M Anaren Buy; Hugh Evans, Larry Sala Comment

An affiliate of private equity investment firm Veritas Capital Fund IV LP has completed its acquisition of Anaren Inc. (NASDAQ: ANEN) for nearly $383 million. Veritas Capital will pay Anaren stockholders $28 per share in cash and Anaren’s common stock will be removed from the NASDAQ stock market under the …

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Camber to Buy Avaya Government Solutions’ IT Consulting Arm; Pierre-Paul Allard, Walter Batson Comment

Camber Corp. has moved to build up its lifecycle support services portfolio by agreeing to buy Avaya Government Solutions‘ information technology professional services consulting group for $100 million. The companies expect to close the deal within 90 days, pending regulatory approvals and other closing conditions, Avaya said Monday. Avaya will …

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Siemens Invests $100M in New Manufacturing Systems; Siegfried Russwurm Comments

Siemens’ (NYSE: SI) corporate financing arm has moved to help startup businesses further efforts to develop manufacturing technologies through a new $100 million fund, TechCrunch reported Monday. Pankaj Mishra writes Siemens Venture Capital intends to finance firms that develop industrial automation systems and to facilitate alliances among companies in order …

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Hexagon Buys Multicopter Systems Provider Aibotix; Ola Rollén Comments

Hexagon AB (NASDAQ: OMX) has bought intelligent aerial multicopter systems developer Aibotix for an undisclosed amount. Kassel, Germany-based Aibotix has been integrated into Hexagon’s photogrammetric and mapping technologies business, Hexagon said Tuesday. “The growing number of applications for UAV-based solutions offers huge growth potential, especially in areas that require frequent …

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Ignacio Balderas: Triple Canopy Seeks Talent Base Growth Through Employee Ownership

Triple Canopy has established an employee-owned company through a new employee benefit structure. The company forged an employee stock ownership plan for employees to obtain shares in the company, Triple Canopy said Friday. Ignacio Balderas, Triple Canopy CEO, said the company intends to expand its employee base and retain skills through the new …

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Harald Wilhelm: Airbus Aims for Salzburg Munchen Bank Buy to Form Company Bank

Airbus Group has moved to expand its financing options by agreeing to buy Salzburg Munchen Bank AG from Raiffeisenverband Salzburg. The Munich-based bank will be renamed Airbus Group Bank once the transaction is completed and the new Airbus subsidiary will provide financial services to the aeronautics and defense company, Airbus …

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Chip Mitchell: Jacobs Targets Oil, Gas Sector Growth Through Eagleton Engineering Buy

Jacobs Engineering Group has moved to bolster its engineering, design and field surveying offerings by acquiring Eagleton Engineering LLC for an undisclosed amount. Houston-based Eagleton was founded in 1965 and offers professional services to the energy and petrochemical sectors, Jacobs announced Tuesday. Chip Mitchell, a Jacobs group vice president, said the company …

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Sapient Buys Federal IT Services Provider OnPoint; Allan Herrick Comments

Sapient (NASDAQ: SAPE) has acquired OnPoint Consulting for an undisclosed sum as part of Sapient’s efforts to bolster its presence in the public sector technology services market. Arlington, Va.-based OnPoint has a 150-employee workforce that helps federal agencies develop, protect and run information technology platforms, Sapient said. Sapient hopes to …

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Allegheny Technologies Acquires Dynamic Flowform; Rich Harshman Comments

Allegheny Technologies Inc. (NYSE: ATI) has moved to grow its presence in the aerospace and energy markets by acquiring Dynamic Flowform Corp. for an undisclosed amount. Billerica, Mass.-based Dynamic Flowform manufactures components in net or near-net shapes of lloy systems using a precision flowforming process, ATI said Monday. Rich Harshman, …

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