M&A Activity

SafeNet to Sell Government Solutions Business; Chris Fedde Comments

SafeNet Inc. has entered into a definitive agreement to sell its government solutions business unit to an undisclosed buyer, the company announced Thursday. “Over the years, SafeNet’s name has become synonymous with data protection, ”  said Chris Fedde, SafeNet’s president and CEO. “Today’s announcement will allow us to sharpen our focus and extend …

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Serco to Buy Remaining 50% of Maritime Defense Firm for $108M

Serco Group has signed an agreement to buy the remaining 50 percent equity stake in Australian nautical defense firm DMS Maritime Pty Ltd. from its joint venture partner P&O Maritime Services for $108 million in cash. According to The Wall Street Journal, DMS Maritime is expected to have net debt of around $40 million on completion, …

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Thales to Acquire Gentex Corp. “Visionix” Business; Allan Cameron Comments

Thales (NYSE:HO) has signed a definitive agreement to acquire the helmet mounted display and motion tracking businesses of Gentex Corp. “This acquisition is a strategic fit that complements Thales’ global portfolio of Helmet Mounted Sight and Display systems for rotary and fixed wing platforms, ” said Michel Mathieu, head of Thales’ Avionics …

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GeoEye Schedules Shareholder Vote on DigitalGlobe Merger

GeoEye (NASDAQ: GEOY) shareholders will meet in a special session Dec. 3 to vote on the company’s proposed merger with DigitalGlobe (NYSE: DGI). In a release, GeoEye said the meeting will take place at 11 a.m. at its Herndon, Va. headquarters. Shareholders of record as of the close of business Oct. …

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Boeing Acquires Supply Chain Specialist Miro Technologies; Shep Hill & Tony Parasida Comment

Boeing Co.‘s (NYSE: BA) defense, space and security business has acquired Miro Technologies for an undisclosed amount and added the firm to its global services and support operations. La Jolla, Calif.-based Miro specializes in managing enterprise assets, supply chains and performance-based logistics for government and commercial customers and has offices in Saudi …

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CSC to Sell its Italian Consulting Business to Dedagroup; Claude Czechowski Comments

CSC (NYSE: CSC) has entered into an agreement to sell its consulting and systems integration services business to Dedagroup ICT Network for an undisclosed amount. Dedagroup will acquire CSC’s pan-Italian consulting and systems integration projects and fashion industry software products and services. CSC will retain its corporate financial services products, solutions and …

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Fulcrum IT Eyes Healthcare, HR Portfolio Expansion Through Corbin Buy; Jeff Handy Comments

Fulcrum IT has acquired technology engineering services provider Corbin Co., a prime contractor on a close to $2 billion U.S. Army contract for sensor technology support. Corbin provides cybersecurity and sensor technology services, among others, and will expand Centreville, Va.-based Fulcrum’s healthcare and human resources portfolio to include change management and strategic …

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Booz Allen to Buy ARINC’s Defense Systems Engineering Business; Shrader, Belcher Comment

Booz Allen Hamilton (NYSE:BAH) has agreed to acquire ARINC Inc.’s defense systems engineering and support division, ARINC announced Tuesday. Booz Allen said it will pay approximately $154 million in cash for the ARINC division and expects the transaction to increase its earnings in fiscal year 2014, which begins April 1, 2013. “DSES …

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Savvis Completes Acquisition of Ciber’s Global IT Outsourcing Business

Savvis, a CenturyLink company (NYSE: CTL), has completed its purchase of client and vendor relationships, infrastructure, technology and facilities assets of Ciber’s (NYSE:CBR) IT Outsourcing business in North America, Europe and India for $6 million in cash. “Savvis’ acquisition of Ciber’s ITO assets enhances and expands our capabilities in areas …

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Carl Icahn Makes $3B Offer for Oshkosh

Activist investor Carl Icahn offered on Thursday to buy all outstanding shares of military truck manufacturer Oshkosh Corp. for $3 billion, or $32.50 per share, according to Bloomberg. Icahn, who is the company’s largest shareholder with a 9.45 percent stake, made an offer that is 21 percent higher than Oshkosh’s …

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