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M&A Activity

DigitalGlobe Inks $140M Deal for IC Geospatial Info Services Provider Radiant Group

Satellite imagery provider DigitalGlobe (NYSE: DGI) has agreed to purchase Chantilly, Virginia-based geospatial information services contractor The Radiant Group for $140 million in an effort to diversify revenue and add new offerings and staff to support the U.S. intelligence and special operations community. DigitalGlobe said Tuesday it expects to close the transaction subject to …

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AECOM Eyes Oil and Gas Business Growth Through FT Services Stake Buyout

AECOM (NYSE: ACM) has purchased the remaining 50 percent equity interest in its Calgary, Alberta-based FT Services joint venture in a push to grow the oil and gas business, expand lifecycle service offerings and diversify end-market exposure. FT Services was formed through a partnership of AECOM’s Flint Energy Services subsidiary and Broadspectrum that provides turnaround …

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L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M

L-3 Communications (NYSE: LLL) has agreed to purchase the explosive trace detection business assets of Implant Sciences for $117.5 million cash in a push to expand the former’s portfolio of security and detection platforms. L-3 said Monday it will assume specified liabilities under the asset purchase agreement with Implant Sciences and will integrate …

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Accenture Purchases Defense Point Security in Federal Cyber Expansion Push

Accenture (NYSE: ACN) has agreed to buy Alexandria, Virginia-based cybersecurity company Defense Point Security for an undisclosed amount in a strategy to expand the global consulting firm’s cyber defense platforms and services for federal agencies. Accenture said Wednesday DPS will operate as a subsidiary within the firm’s Accenture Federal Services organization. AFS CEO David Moskovitz said …

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Reuters: Harris to Auction Some Parts of Critical Networks Division

Harris Corp. (NYSE: HRS) has put some parts of its critical networks division up for sale in a transaction that could be worth more than $1 billion, Reuters reported Tuesday. Mike Stone and Michael Flaherty write the potential divestiture includes Harris’ information technology services operation and comes a month after the Melbourne, Florida-based communications technology …

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Attain Buys ACF Solutions to Add Salesforce Offerings, Services

McLean, Virginia-based strategy consulting services contractor Attain has acquired cloud technology provider ACF Solutions in an effort to add new Salesforce knowledge and additional services to customers in the government, education and nonprofit sectors. Attain said Tuesday ACF will act as a subsidiary and be led by co-founder and President Kristin Sharpe, who will transition …

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L-3 Seeks Pilot Training Business Growth Through Aerosim Buy

L-3 Communications (NYSE: LLL) has acquired pilot and aircraft maintenance technician training company Aerosim for an undisclosed sum in a push to complement L-3’s airline crew training, resourcing and simulation offerings. New York City-based L-3 said Tuesday it will integrate Aerosim into the defense technology contractor’s commercial training solutions division and change the newly acquired business’ name …

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L-3 Closes Purchase of RF, Electronic Warfare Business Micreo; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has wrapped up its purchase of Australia-based radiofrequency and electronic warfare platforms provider Micreo for an undisclosed sum. The newly acquired company will operate as L-3 Micreo that is forecast to generate $27 million in annual sales for the year ending Dec. 31, 2017 and will report to …

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Siris Capital Closes $2B Polycom Buy in Unified Comms & Collaboration Market Push

Investment firm Siris Capital has completed its buyout of communications and collaboration tools developer Polycom for nearly $2 billion cash, or $12.50 per share. San Jose, California-based Polycom said Monday it has stopped trading on the Nasdaq stock exchange as a result of the transaction and will continue to operate under its own name. Polycom had to …

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Bruce Brda: Motorola Eyes Public Safety Software Portfolio Expansion Through Spillman Purchase

Motorola Solutions (NYSE: MSI) has announced plans to purchase Spillman Technologies for an undisclosed amount in an effort to expand the communications platforms provider’s portfolio of records management systems and computer-assisted dispatch software targeted at public safety agencies. The companies said Monday they expect the deal to be completed in the fourth quarter of 2016 in a …

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