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M&A Activity

MACOM Buys Cobham’s Aeroflex Diode Portfolio for $38M Cash

M/A-COM Technology Solutions Holdings (Nasdaq: MTSI) has bought the Aeroflex radio frequency and microwave diode portfolio of Cobham through a $38 million cash transaction. John Croteau, MACOM president and CEO, said Monday the deal is intended to complement the company’s semiconductor business and that he expects the acquisition to be accretive on earnings and operating margin of the …

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WSJ: VMware Backs Out From Cloud Joint Venture Plan With EMC

VMware (NYSE: VMW) has canceled plans to form a joint venture with EMC (NYSE: EMC) that will work to combine both companies’ cloud services, the Wall Street Journal reported Monday. Don Clark writes that a spokesman for VMware told the Journal the company will continue to run vCloud Air as a separate …

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Dell, EMC Merger to Proceed After ‘Go Shop’ Period Ends

EMC (NYSE: EMC) and Dell are set to continue with their planned merger after the Massachusetts-based data storage company did not receive a “superior” alternative offer during a go-shop process. Dell agreed to acquire EMC in October for about $67 billion in cash and stock to create a combined company that …

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Reuters: PAE Attracts Acquisition Offers From 3 Investment Firms

Three private equity firms have put forward bids to acquire Arlington, Virginia-based government services contractor PAE from owner Lindsay Goldberg, Reuters reported Friday. Mike Stone and Greg Roumeliotis write Apollo Global Management emerged as the leading bidder during a recent auction process and is currently in talks with Lindsay Goldberg for a potential acquisition …

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LookingGlass to Acquire QinetiQ’s Cyveillance Threat Intell Business for $35M

LookingGlass Cyber Solutions has agreed to acquire online monitoring and threat intelligence business Cyveillance from British defense technology contractor QinetiQ Group for approximately $35 million in cash. Chris Coleman, CEO of LookingGlass, said Friday his company aims to build a comprehensive intelligence-based platform for security professionals to manage business risks and threats. Arlington, Virginia-based …

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Tony Dunleavy: Strat Aero Makes UAS Market Push Through Aero Kinetics Buy

Strat Aero has agreed to acquire Fort Worth, Texas-based unmanned aircraft system manufacturer Aero Kinetics for about $24 million and potential incentive payments. London-based Strat Aero provides aeronautical services to civilian, law enforcement and military customers and made the acquisition to expand its UAS operational and flight training offerings,  CEO Tony …

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Ken Asbury: CACI’s Purchase of L-3 Services Arm Seeks Wider Intell, Enterprise IT Presence

Arlington, Virginia-based CACI International (NYSE: CACI) seeks a wider presence in the intelligence community and enterprise information technology markets through its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) government services segment,  CACI CEO Ken Asbury told investors Tuesday. Asbury also said in the call with analysts to discuss the deal that by CACI’s 2017 fiscal year, the …

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L-3 Agrees on $550M Gov’t Services Segment Sale to CACI

New York City-based defense contractor L-3 Communications (NYSE: LLL) has agreed to sell its government services business segment to Arlington, Virginia-headquartered public sector services company CACI International (NYSE: CACI) for $550 million cash, the companies said Tuesday. The companies expect the transaction to close by March 2016 pending regulatory approvals and CACI said in investor slides …

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Jacobs Eyes Transportation Service Expansion Through JLP Buy; Randy Pierce Comments

Jacobs Engineering Group (NYSE: JEC) has acquired J.L. Patterson & Associates for an undisclosed sum in a move to expand Jacobs’ presence in the North American railroad design, construction and engineering services market. Orange, California-based JLP works with public transportation agencies to help them plan and manage rail infrastructure projects, …

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John Trezza: UTC Adds to Tactical Imaging Tech Portfolio With N2 Buy

United Technologies Corp. (NYSE: UTX) has purchased infrared imaging technology developer N2 Imaging Systems for an undisclosed sum in a move to complement UTC’s intelligence, surveillance and reconnaissance portfolio. Irvine, California-based N2 will be integrated into the force protection business group of UTC’s aerospace systems segment, UTC said Wednesday. “This acquisition …

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