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M&A Activity

General Dynamics Acquires Enterprise Services and Cloud Computing Provider; Johnson Comments

General Dynamics (NYSE: GD) has acquired enterprise services and cloud computing provider Network Connectivity Solutions, Corp. for an undisclosed amount. General Dynamics said the move should start increasing its earnings per share in 2012. Maryland-based NETCONN will join General Dynamics’ IT business unit, GDIT. NETCONN supports net-centric IT operations, including …

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SRA Shareholders Approve $1.88B Cash Acquisition by Private Equity Firm

SRA International (NYSE: SRX) shareholders have approved the company’s acquisition by an affiliate of private equity firm Providence Equity Partners for $1.88 billion in cash. SRA Shareholders will receive $31.25 in cash for each share of common stock. Rhode Island-based Providence Equity Partners specializes in communications and information services, media and entertainment company …

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Neustar Closes Acquisition of Evolving Systems’ Numbering Solutions Assets, Expands OSS Solutions

Neustar, Inc. (NYSE: NSR) has closed its acquisition of assets from Evolving Systems‘ numbering solutions business for approximately $39 million in cash. Neustar will incorporate the business into its carrier services operating segment. Neustar said the acquisition will allow the company to offer operators order management and inventory solutions through either …

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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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