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M&A Activity

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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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 …

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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 …

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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 …

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