M&A Activity

CenturyLink Subsidiary to Buy Ciber IT Outsourcing Assets; Ousley, Peterschmidt Comment

Savvis, a subsidiary of CenturyLink (NYSE: CTL), has agreed to acquire information technology outsourcing assets from Ciber (NYSE: CBR) for $7 million cash. Savvis said the total transaction price will include additional future consideration in the form of a cash earn-out payment based on results through December 2013. The transaction …

Read More »

L-3 Completes $130M Buy of Thales Civil Aircraft Unit; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has completed its estimated $130 million acquisition of Thales Training & Simulation Ltd.’s civil aircraft simulation and training business, L-3 announced Tuesday. L-3 has renamed the business L-3 Link Simulation & Training U.K. Limited and integrated it into the company’s link simulation and training division, within …

Read More »

UTC Closes $18.4B Goodrich Buy, Forms New Aerospace Unit; Louis Chenevert Comments

United Technologies Corp. (NYSE: UTX) has completed its acquisition of Charlotte-based aerospace manufacturer Goodrich Corp., UTC announced Thursday. According to the Washington Business Journal, UTC will divest assets from its aircraft engine manufacturing business as part of an agreement with the government for the $18.4 billion transaction. The Hartford, Conn.-based …

Read More »

FTC Approves Dell’s $2.4B Quest Software Buy

The Federal Trade Commission has approved Dell‘s (NYSE: DELL) $2.4 billion acquisition of information technology management company Quest Software (NASDAQ: QSFT) Reuters reports. Dell said in its original announcement of the transaction it wants to increase the amount of intellectual property in its software portfolio. The company was competing against …

Read More »

GeoEye, DigitalGlobe Boards Approve $900M Merger; Matt O’Connell Comments

The boards of directors at GeoEye (NASDAQ: GEOY) and DigitalGlobe (NYSE: DGI) have approved a merger, which will be a combined stock and cash transaction worth approximately $900 million. The companies said Monday they expect to complete the transaction in either the fourth quarter of 2012 or the first quarter …

Read More »

SAIC to Buy Health IT Consultant for $473M; Joe Craver, Steve Comber Comment

SAIC Inc. (NYSE: SAI) has agreed to acquire Westfield, Ind.-based healthcare information technology firm maxIT Healthcare Holdings for $473 million cash. SAIC said Tuesday it expects the transaction to close in August and will pay up to $20 million to maxIT Healthcare shareholders after the receipt of certain tax credits. …

Read More »

DC Private Equity Firm Buys Catapult, Promotes Mark Hunker To CEO

Washington-based private equity firm DC Capital Partners has acquired Catapult Technology and has appointed Mark Hunker president and CEO. Catapult said Hunker succeeds Randy Slager, Catapult’s founder and CEO, who will join the board of directors and remain involved in strategic planning and business development. Hunker previously served as Catapult’s …

Read More »

Logica Shareholders Approve CGI Acquisition; CEO Michael Roach Comments

CGI Group Inc. (NYSE: GIB) plans to complete its reported $2.7 billion acquisition of global information technology and management firm Logica by Aug. 20, CGI announced Monday. Following Logica’s general meeting, 99.54 percent of that company’s shareholders voted in favor of accepting CGI’s cash offer. CGI will immediately start integrating …

Read More »

Exelis Completes Satellite Sensor Firm Buy; S. Danny Rajan Comments

ITT Exelis (NYSE: XLS) has acquired Space Computer Corp., a privately-owned producer of signal processing systems, software and algorithms. Exelis said it will integrate Space Computer into its geospatial systems unit. Space Computer helps the military and intelligence communities with data processing and many of Exelis’ customers also focus on …

Read More »

General Dynamics Acquiring Earl Industries Ship Repair Division; Fred Harris Comments

General Dynamics (NYSE: GD) has agreed to acquire the ship repair and coatings division of Earl Industries for an undisclosed amount, General Dynamics announced Friday. General Dynamics expects the acquisition to increase its earnings per share in 2013 and to close this summer. The division will become part of General …

Read More »