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M&A Activity

Dell, EMC to Name Future Combined Firm ‘Dell Technologies’

Dell and EMC (NYSE: EMC) have announced their integrated enterprise information technology company will do business as Dell Technologies once the process of their estimated $67 billion merger is complete. “Our vision is a strategically aligned family of businesses that brings together customers’ entire infrastructure, from hardware to software to services, from the edge to the …

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JF Lehman Affiliate Completes Acquisition of API Technologies Under Estimated $111M Deal

An affiliate of New York-based J.F. Lehman & Co. has closed its acquisition of API Technologies (Nasdaq: ATNY) for approximately $111 million. Trading of API’s common stock on Nasdaq ceased Friday afternoon upon completion of the purchase and API shareholders will get a cash payment of $2 per share of common …

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Smiths Group to Buy Safran’s Morpho Detection Subsidiary for $710M

Smiths Group has agreed to purchase Safran’s Morpho Detection subsidiary in the U.S. and other detection-related operations for approximately $710 million. The companies said Thursday Newark, California-based Morpho Detection will join Smith Group’s detection segment that makes sensors and generated approximately $320 million in 2015 revenue. Morpho Detection builds systems to detect chemical, biological, …

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Mitel to Buy Polycom in $1.96B Cash-and-Stock Deal

Mitel (Nasdaq: MITL) has agreed to purchase Polycom (Nasdaq: PLCM) for approximately $1.96 billion in cash and stock as both companies seek to establish a business that will offer communications and collaboration systems to enterprise customers. Both companies expect to close the acquisition in the third quarter of 2016 and create a …

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Zachary Bookman: OpenGov Adds Open Data Mgmt Tools With Ontodia Buy

Redwood City, California-based financial intelligence analysis firm OpenGov has bought New York-based open data management company Ontodia for an undisclosed sum in a push to expand offerings for the public sector. Zachary Bookman, OpenGov co-founder and CEO, said Wednesday the companies aim to help transform “how governments analyze, share, compare and allocate public …

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Jacobs Seeks to Expand IT Security Offerings Through Van Dyke Purchase; Darren Kraabel Comments

Jacobs Engineering Group (NYSE: JEC) has purchased Columbia, Maryland-based cybersecurity platforms and services provider Van Dyke Technology Group for an undisclosed sum in an effort to expand its portfolio of information technology security offerings for public and private sectors. Darren Kraabel, senior vice president of aerospace and technology at Jacobs, said …

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Albany International Closes $210M Purchase of Harris Aerostructures Business

Rochester, New Hampshire-based specialty materials processing company Albany International (NYSE: AIN) has wrapped up its acquisition of Harris Corp.‘s (NYSE: HRS) aerostructures business for approximately $210 million in cash and capital lease. Harris said Friday it will use proceeds from the deal originally announced in late February to pay down corporate debt. The …

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Arlington Capital Partners Relaunches iRobot Defense Segment as ‘Endeavor Robotics’

Arlington Capital Partners has transformed the former defense and security segment of iRobot (Nasdaq: IRBT) into a new company called Endeavor Robotics following the completion of the unit’s acquisition by the Washington-based investment company. iRobot first announced the $45 million deal early in February and said the sale will enable the Massachusetts-based robot manufacturer to focus its efforts on …

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CenturyLink Eyes IT Security Services Growth Through netAura Purchase; Girish Varma Comments

CenturyLink (NYSE: CTL) has bought Herndon, Virginia-based managed security firm neAura for an undisclosed sum in a push to help organizations to secure their information technology systems. “This acquisition helps us continue to deliver comprehensive security architectures to existing and future customers, ” Girish Varma, president of CenturyLink’s global IT services and …

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General Atomics Closes Purchase of Miltec From Ducommun

General Atomics has completed its $14.6 million acquisition of aerospace and defense technical business Miltec Corp. from Ducommun (NYSE: DCO). Ducommun said Monday the sale of its Miltec businesse is one part of its strategy to reduce company debt. Miltec provides weapons and military defense systems engineering, technical and program management services for …

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