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M&A Activity

Saab to Acquire Sensis Corp, Expand North American Presence Through Radars, Sensors, Defense Systems

Saab AB has a definitive agreement to acquire air traffic management solutions and surveillance technologies firm Sensis Corporation for approximately $155 million in cash. Sensis will continue its U.S. operations as a subsidiary of the Saab group. The acquisition is expected to decrease Saab’s earnings per share in 2011. It …

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CACI to Acquire Software Engineering Firm Pangia Technologies; Cofoni Comments

CACI International Inc. (NYSE: CACI) has signed a definitive agreement to acquire Pangia Technologies, LLC, a specialist in computer network operations, mission systems, software and systems engineering and IT infrastructure support. The acquisition is expected to increase CACI’s earnings per share during its first 12 months. The Maryland-based Pangia employs 110 …

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Siemens Enters Solar Production Business with Acquisition of Minority Stake in US Firm

Siemens AG (NYSE: SI) has acquired a 16.1 percent stake in Semprius Inc., a U.S. maker of high-efficiency solar modules. It is Siemens’ first acquisition the photovoltaic business. Terms were not disclosed. Siemens will use its experience as a solar project general contractor to help Semprius set up production. Siemens specializes …

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Raytheon Acquires Directed Energy Assets of Ktech Corporation; Lawrence Comments

Raytheon (NYSE: RTN) has acquired key business assets of Ktech Corporation for an undisclosed amount. The deal is not expected to materially impact Raytheon’s 2011 sales or earnings. The non-kinetic assets, which do not cause effects through explosion or physical momentum, will become part of Raytheon’s Missile Systems business. Raytheon …

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In-Q-Tel Forms Partnership to Provide Onboard Intelligence Gathering

In-Q-Tel has become a majority partner with shipbuilding and chartering firm I.M. Skaugen in Harrison Udall and Skaugen Holdings, LLC. The partnership will combine intelligence technology with maritime access to support government defense, logistics and nation building initiatives. It will be headquartered in Manama, Bahrain and look to tap a …

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Ericsson to Buy Telcordia for $1.15B Cash

Ericsson has reached an agreement to acquire mobile, broadband and enterprise communications firm Telcordia for $1.15 billion cash from its private equity owners Providence Equity Partners, LLC and Warburg Pincus. Approximately 2, 600 of Telcordia’s employees will join Ericsson. Telcordia generated $739 million in revenues in the fiscal year ended Jan. 31, 2011, and Ericsson expects …

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General Dynamics to Acquire Fortress Technologies, Inc. for Cash

General Dynamics (NYSE: GD) has announced a definitive agreement to acquire secure wireless networking provider Fortress Technologies, Inc. for an undisclosed amount of cash. Each company’s board has signed off on the deal, and General Dynamics expects it to close in the third quarter of 2011 after customary regulatory approval. General …

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VMWare to Acquire Digital Fuel, Enhance Cloud IT Capabilities

VMWare announced today it will acquire Digital Fuel, a leader in IT financial and business management SaaS solutions. The company said the acquisition is scheduled to close in July 2011 after customary closing conditions have been met. Terms of the acquisition were not announced. Digital Fuel’s expertise is in effectively managing …

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Honeywell to Acquire EMS Technologies, Inc. for $491 Million Cash

Honeywell (NYSE: HON) has signed a definitive agreement to acquire EMS Technologies (NASDAQ: ELMG) for $33 per share, or approximately $491 million,  in cash. The purchase price is roughly 13 times EMS’ 2010 earnings before interest, taxes, depreciation and amortization. EMS Technologies provides connectivity solutions for networking, rugged mobile computers and satellite communications. …

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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 …

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