M&A Activity

Saab Completes Acquisition of U.S. Sensor and Air Traffic Management Firm

Saab AB has finalized its acquisition of Sensis Corp., a radar, sensor and air traffic management firm. Saab paid $150 million in cash for the firm and could pay up to $40 million more in earn-out fees if the firm fulfills certain conditions by 2014 as its Saab Sensis Corporation subsidiary. …

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Sotera to Acquire Software Engineering, Cyber Intelligence Firm; Hillen Comments

  Sotera Defense Solutions has entered a definitive agreement to acquire Software Process Technologies, Inc.,  a software engineering firm that supports cyber intelligence. SPT expects to generate approximately $35 million in 2011 revenue and employs approximately 140 professionals in the Ft. Meade, Md. area. “SPT, with a strong software engineering pedigree and expertise in …

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Boeing Completes Acquisition of Information Services Firm

Boeing Co. (NYSE: BA) has completed its acquisition of Solutions Made Simple Inc., an information services provider for the U.S. government and the intelligence community. SMSi now operates in the information solutions division of Boeing’s network and space systems business. Its products extract, share and query information stored in an unlimited number of …

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SAIC Completes Acquisition of Healthcare IT Provider Vitalize Consulting; Craver Comments

  SAIC (NYSE: SAI) has completed its acquisition of Vitalize Consulting Solutions, Inc. for an undisclosed amount of cash. VCS provides clinical, business and IT services for healthcare enterprises. It specializes in implementing and optimizing EHR systems from commercial-off-the-shelf vendors. SAIC said it will leverage its information integration and data analytics expertise …

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CACI Discloses Details of Paradigm Acquisition, Will Pay $61.5M

CACI (NYSE: CACI) has disclosed details of its planned acquisition of cybersecurity and enterprise IT firm Paradigm Holdings in regulatory documents filed with the U.S. Securities and Exchange Commission. CACI will pay $61.5 million to acquire all of Paradigm’s equity interests. To acquire Paradigm, CACI’s wholly-owned subsidiary CACI Newco, Inc. will merge …

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Honeywell Clears Hurdles in Acquisition of EMS Technologies

Honeywell (NYSE: HON) has satisfied two closing conditions of its wholly-owned subsidiary Egret Acquisition Corp.’s cash tender offer to purchase all the outstanding shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG). The company received early termination of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976. Honeywell …

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CSC Acquires Global Healthcare IT Solutions Provider iSOFT

CSC (NYSE: CSC) has closed its acquisition of healthcare IT solutions provider iSOFT Group Limited. CSC appointed iSOFT’s former CEO Andrea Fiumicelli as chief operating officer of its healthcare business. CSC said the move will add a robust set of clients in new and emerging markets and strengthen its software products and healthcare …

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Kratos Completes Acquisition of Integral Systems; DeMarco Comments

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has completed its acquisition of Integral Systems, Inc. by reverse merging a wholly-owned subsidiary with and into Integral. Each outstanding share of Integral common stock has converted into the right to receive $5 cash and 0.588 shares of Kratos common stock. Intergral shares will no …

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CACI to Acquire Cybersecurity and Enterprise IT Firm Paradigm Solutions; Cofoni Comments

  CACI International (NYSE: CACI) has signed a definitive agreement to acquire Paradigm Holdings, Inc., the parent of cybersecurity and enterprise IT firm Paradigm Solutions Corp. CACI expects the move to increase its earnings per share in the year following its projected fall 2011 close. Rockville, Md.-based Paradigm’s 2011 calendar year revenues are …

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Black Box Acquires Telecommunications Firm PS Technologies

Black Box Corporation (NASDAQ: BBOX) has acquired videoconferencing technology firm PS Technologies. Black Box said the acquisition will expand its presence in the enterprise video communications market, where it will reach healthcare and government clients. Ohio-based PS Tech has annual historical revenues of approximately $28 million. Its former president Leo Flotron will …

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