Home / M&A Activity (page 140)

M&A Activity

SAIC Completes Sale of its Global Oil and Gas IT Services Business to Wipro Ltd.

Science Applications International Corporation (NYSE: SAI) has completed the sale of its domestic and some foreign oil and gas IT services operations to Wipro Ltd (NYSE: WIT). Approximately 1, 450 employees will join Wipro from SAIC’s health, energy, and civil solutions group led by Joe Craver. The operations include SAIC’s U.S.-based oil and gas IT services …

Read More »

CTC Affiliate Acquires Assets of Healthcare Consulting Firm Coremotive

Enterprise Ventures Corporation, a wholly owned affiliate of Concurrent Technologies Corporation, has acquired the assets of healthcare consulting and technology services firm Coremotive. Coremotive staff will continue to serve its clients alongside CTC subject-matter experts. Concurrent Technologies is using the acquisition to diversify into the healthcare marketplace and to grow …

Read More »

TASC, Inc. Acquires IT Firm TexelTek, Expands Technology Base

TASC, Inc. has acquired advanced technology firm TexelTek, expanding its cybersecurity and secure cloud-computing capabilities. TexelTek develops highly secure applications that allow defense and intelligence communities to efficiently access, store and manage massive volumes of data. TASC provides federal systems engineering and integration services. Al Pisani, senior vice president for …

Read More »

MCR Acquires JB&A, Inc., Expands Intelligence Programs

MCR, LLC has acquired executive branch professional services provider JB&A, INC. for an undisclosed amount as part of a strategic plan to increase its competitiveness through acquisitions and organic growth. It is MCR’s third acquisition in the past two years. MCR will immediately integrate JB&A into its federal structure as …

Read More »

URS Completes Acquisition of Apptis Holdings for $260M

URS Corporation (NYSE: URS) has announced it has completed its acquisition of Apptis Holdings, Inc., a provider of complex information technology services to the federal government, for $260 million cash. The acquisition does not include Apptis’ product reseller subsidiary Iron Bow, which will continue to operate as an independent, stand-alone …

Read More »

Dynamics Research Corporation to Acquire HPTi for $143M

Dynamics Research Corporation (NASDAQ: DRCO) has signed a definitive agreement to acquire High-Performance Technologies, Inc., a provider of high-end technology services to the federal healthcare and military technology markets, for $143 million in cash. The deal is anticipated to close June 30, 2011. Nearly 80 percent of HPTi’s 2010 sales …

Read More »

Vangent Inc. Reportedly For Sale

Vangent Inc. has hired Bank of America Merrill Lynch and Goldman Sachs Group to pursue a sale of the company, according to a June 2 Reuters report. The process has reportedly drawn interest from both private-equity firms and other companies doing business in the government contracting sector. Private-equity firm Veritas …

Read More »

API Technologies Completes Acquisition of Spectrum Control

API Technologies Corp. has successfully completed its acquisition of Spectrum Control, Inc. through a merger of a wholly owned subsidiary with and into Spectrum. API provides electronic systems, subsystems, RF and secure communications products and services for defense, aerospace and commercial applications. Spectrum’s outstanding shares were converted into the right …

Read More »

HP Signs Deal to Acquire Printelligent to Boost Managed Print Offerings

HP (NYSE: HPQ) announced today it is is planning on purchasing Printelligent, a provider of managed print services for small and medium-sized businesses. The infrastructure, software and trained workforce of Printelligent, combined with HP’s channel relationships, experience and broad base of services and solutions will boost HP’s leadership in MPS. …

Read More »

BAE Systems Sells Composite Structures Business

BAE Systems announced today it has reached an agreement for the proposed sale of its composite structures business to EnCore Composites Holdings, Inc. “The decision to sell the composite structures business was made to better align the company’s strategic objectives and business portfolio, ” said Frank Pope, president of BAE …

Read More »