M&A Activity

FGM announced the acquisition of Edge Technologies’ Enterprise Services Group (ESG). Edge Technologies’ ESG delivers high end engineering services for the Intelligence Community and Law enforcement groups. Their main focus is cyber security. FGM’s CEO, Scott Gessay, said: “The ESG team is a group of highly cleared and very talented …

SAIC announced yesterday the completion of its acquisition of Spectrum San Diego, which specializes in X-ray scanning systems. Under the acquisition, SAIC acquired Spectrum’s CarScan product, which is used to scan vehicles at border and high security checkpoints for contraband. Preston, SVP and business unit general manager at SAIC, said …

Global Telecom & Technology, Inc has announced an agreement to buy certain customers and assets from Chicago-based Global Capacity, Inc.  Under the agreement, GTT will buy contracts serving over 100 data transport customers and generating up to $25 million in annualized revenue for up to $8 million in cash.  GTT …

Science Applications International Corporation (SAIC) has announced that its acquisition of Spectrum San Diego, a high-technology security firm specializing in ultra-low-dose X-ray scanning systems, has been completed.Terms of the acquisition were not disclosed. SAIC acquired Spectrum’s CarScan product line under the agreement, which scans cars and vans in the normal …

SafeNet, Inc announced the completion of its acquisition of Assured Decisions, which will join SafeNet’s Cyber Security Group.The move will strengthen SafeNet’s cyber security capacity. Chris Fedde, president and COO of SafeNet, said “The unique expertise brought to SafeNet by Assured Decisions enables us to expand our solutions that protect …

Global Telecom and Technology, Inc. announced the final purchase of WBS Connect, LLC. Global Telecom had been waiting for approval from the Federal Communications Commission. Now, with this acquisition, GTT adds 400 customers and 60 cities throughout North America, Asia and Europe. “We’re thrilled to welcome Scott Charter and Mike …

Earlier this month, Cisco announced the completion of its acquisition of Starent Networks, an Internet Protocol (IP) based mobile infrastructure solutions provider, for a total of approximately $2.9 billion. Under the agreement, Cisco paid $35 per share in cash for each share of Starent Networks. Starent Networks will become part …

Today Boeing has acquired Alenia North America’s half of Global Aeronautica, LLC to become its sole owner. Global Aeronautica is a subassembly facility for the Boeing 787 Dreamliner, and is now the sole owner of the Dreamliner entity. “We are proud of the major contribution we have made over the …

Today ManTech International announced plans to purchase Sensor Technologies for a record $242 million. This purchase is ManTech’s biggest deal to expand their defense and intelligence business. Sensor Technologies based in New Jersey is a Strategic Services Sourcing program provider. “With the defense appropriation bill on track and a clear …

Northrop Grumman announced Friday the conclusion of its sale of TASC, Inc., its advisory services business, to a group of investors led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. L.P. TASC was sold for $1.65 billion. Credit Suisse and Goldman Sachs represented Northrop Grumman in …