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M&A Activity

Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg …

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LexisNexis Risk Solutions Acquires Lumen from Numerica Corp., Haywood Talcove Quoted

LexisNexis Risk Solutions announced on Tuesday that the company is acquiring all Lumen’s assets, an integrated data platform owned by the Numerica Corporation. “Over the last seven years, we have successfully developed and commercialized the Lumen product line,” said Jeff Poore, Numerica Corporation president. “We are excited for our technology …

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DOJ Concludes IBM-Red Hat Transaction Review

The Department of Justice has completed its assessment of the proposed $34B acquisition of Red Hat (NYSE: RHT) by IBM (NYSE: IBM). IBM also secured a notice of early termination of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the company said Friday …

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Comtech Buys General Dynamics’ Next Generation 911 Business, Wins $100M Emergency Comms Tech Contract

Comtech Telecommunications (Nasdaq: CMTL) has acquired a General Dynamics (NYSE: GD) business that offered a 9-1-1 emergency communications system to state and local government clients. Comtech said Monday it added 60 employees as a result of the Next Generation 911 acquisition from General Dynamics’ information technology segment and secured a …

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IAI Continues National Security Market Push Under New Name; Dave Dzaran Comments

Integrity Applications Inc. has adopted the name Centauri following its combination with Xebec Global and Dependable Global Solutions. Centauri, led by former IAI CEO Dave Dzaran, aims to integrate multiple technology platforms in a push to help defense and intelligence agencies perform national security missions, the company said Tuesday. “Over …

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Arlington Capital Unveils New Aerospace Firm as Acquisition of Triumph Group’s Fabrication Business Closes

Arlington Capital Partners has formed a new company after the Washington, D.C.-based private equity firm completed its purchase of Triumph Group’s (NYSE: TGI) forming and fabrication facilities. Radius Aerospace will run as an independent company and be led by Tony Johnson as CEO, Arlington Capital said Monday. Johnson, who will …

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Mercury Buys Syntonic Microwave, The Athena Group; Mark Aslett Quoted

Mercury Systems (Nasdaq: MRCY) has purchased Syntonic Microwave and The Athena Group for $46M combined to expand its radio frequency capabilities and further broaden its presence in security and electronic warfare markets. Mark Aslett, president and CEO of Mercury Systems, said in a statement published Thursday the acquisitions will help …

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Hexagon Completes Purchase of Thermopylae Sciences & Technology

Hexagon has wrapped up its acquisition of Thermopylae Sciences and Technology, a Virginia-based provider of geospatial, mobile and cloud computing software platforms to government and commercial clients. Thermopylae will operate under the U.S. federal business within Hexagon’s geospatial division, the Sweden-based precision measuring technology company said Friday. Announced in February, …

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EverWatch Buys Northwood Global Solutions in Intell Community Expansion Push; John Hillen Quoted

EverWatch has purchased information technology services contractor Northwood Global Solutions for an undisclosed sum. “The partnership with the Northwood team helps EverWatch expand its technical capabilities and broadens our relationships and mission expertise within the Intelligence Community,” EverWatch CEO John Hillen said in a statement released Wednesday. Hillen said the …

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Elbit Systems to Acquire Harris Night Vision Business for $350M; Bezhalel Machlis Quoted

Elbit Systems of America (Nasdaq: ESLT) agreed to acquire the night vision business of Harris Corp. (NYSE: HRS) for approximately $350M. Harris said Friday the transaction is conditioned upon completion of its proposed merger with L3 Technologies (LLL) and customary closing conditions that include a receipt of all regulatory approvals. …

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