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M&A Activity

CGI Names George Schindler to Global Ops Leadership Team, Completes Logica Buy

CGI Group Inc. (NYSE: GIB) has appointed George Schindler, president of U.S. operations, to the leadership team of the company’s new global operations organization. The company said Schindler and six other appointees will report to President and CEO Michael Roach (click over to GovCon Executive to see a full rundown …

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SAIC Completes $473M Health IT Consultant Buy; Joe Craver Comments

SAIC Inc. has completed its $473 million acquisition of healthcare information technology consulting firm maxIT Healthcare Holdings Inc., SAIC announced Monday. SAIC announced in July it agreed to buy the Westfield, Ind.-based firm, saying it planned to pay up to $20 million to maxIT Healthcare shareholders after the receipt of certain …

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Report: IBM Interest In Blackberry Maker’s Enterprise Unit

IBM Corp. (NYSE: IBM) has informally approached Research in Motion, maker of the Blackberry phone, about potentially acquiring RIM’s enterprise services unit, according to a Bloomberg report. Citing Berenberg Bank, the article says that business may be worth between $1.5 billion and $2.5 billion depending on which assets are included. …

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CenturyLink Subsidiary to Buy Ciber IT Outsourcing Assets; Ousley, Peterschmidt Comment

Savvis, a subsidiary of CenturyLink (NYSE: CTL), has agreed to acquire information technology outsourcing assets from Ciber (NYSE: CBR) for $7 million cash. Savvis said the total transaction price will include additional future consideration in the form of a cash earn-out payment based on results through December 2013. The transaction …

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L-3 Completes $130M Buy of Thales Civil Aircraft Unit; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has completed its estimated $130 million acquisition of Thales Training & Simulation Ltd.’s civil aircraft simulation and training business, L-3 announced Tuesday. L-3 has renamed the business L-3 Link Simulation & Training U.K. Limited and integrated it into the company’s link simulation and training division, within …

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UTC Closes $18.4B Goodrich Buy, Forms New Aerospace Unit; Louis Chenevert Comments

United Technologies Corp. (NYSE: UTX) has completed its acquisition of Charlotte-based aerospace manufacturer Goodrich Corp., UTC announced Thursday. According to the Washington Business Journal, UTC will divest assets from its aircraft engine manufacturing business as part of an agreement with the government for the $18.4 billion transaction. The Hartford, Conn.-based …

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FTC Approves Dell’s $2.4B Quest Software Buy

The Federal Trade Commission has approved Dell‘s (NYSE: DELL) $2.4 billion acquisition of information technology management company Quest Software (NASDAQ: QSFT) Reuters reports. Dell said in its original announcement of the transaction it wants to increase the amount of intellectual property in its software portfolio. The company was competing against …

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GeoEye, DigitalGlobe Boards Approve $900M Merger; Matt O’Connell Comments

The boards of directors at GeoEye (NASDAQ: GEOY) and DigitalGlobe (NYSE: DGI) have approved a merger, which will be a combined stock and cash transaction worth approximately $900 million. The companies said Monday they expect to complete the transaction in either the fourth quarter of 2012 or the first quarter …

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SAIC to Buy Health IT Consultant for $473M; Joe Craver, Steve Comber Comment

SAIC Inc. (NYSE: SAI) has agreed to acquire Westfield, Ind.-based healthcare information technology firm maxIT Healthcare Holdings for $473 million cash. SAIC said Tuesday it expects the transaction to close in August and will pay up to $20 million to maxIT Healthcare shareholders after the receipt of certain tax credits. …

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DC Private Equity Firm Buys Catapult, Promotes Mark Hunker To CEO

Washington-based private equity firm DC Capital Partners has acquired Catapult Technology and has appointed Mark Hunker president and CEO. Catapult said Hunker succeeds Randy Slager, Catapult’s founder and CEO, who will join the board of directors and remain involved in strategic planning and business development. Hunker previously served as Catapult’s …

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