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M&A Activity

BAE Says No Sale of US Govt Manpower, Services Business

Britain-based defense contractor BAE Systems PLC announced in a trading update released Thursday morning it will hold onto the manpower and services business unit in the company’s U.S. subsidiary that operates as BAE Systems Inc. BAE Systems PLC said in April it would undertake a strategic review of the units that are part of the U.S. subsidiary’s intelligence …

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Blackstone to Purchase 17% Stake in NCR; Bill Nuti Comments

Blackstone Group has agreed to acquire a 17-percent ownership stake in consumer transaction technology maker NCR (NYSE: NCR) for approximately $820 million. NCR said Thursday it aims to transform into an integrated software development and services company and will use the investment to partly fund a planned stock repurchase program. “The NCR board has determined that executing …

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Reuters: Veritas Capital Bids to Acquire BAE’s US Staffing, IT Services Businesses

(NOTE: This summary was published prior to BAE Systems PLC’s announcement that it would not undertake the sale described in this story. Please click here to read our subsequent report on that announcement) Veritas Capital is in advanced negotiations to purchase BAE Systems‘ business units that offer manpower and information technology …

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Reuters: Verizon Mulls Enterprise IT Portfolio Sale

Verizon (NYSE: VZ) is considering a sale of its enterprise-grade technology portfolio in order to concentrate on its consumer market business line, Reuters reported Friday. Liana Baker and Greg Roumeliotis write Citigroup will help examine a potential sale of business landline and Internet services from Verizon’s unit formerly called MCI as well as data center offerings from …

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CSC US Govt-SRA Combination Unveils Business Plan, Exec Team & Board to Investors

The company being formed out of Computer Sciences Corp.’s (NYSE: CSC) U.S. government business and SRA International has revealed more details of its business plan in Wednesday filings with the Securities and Exchange Commission and a presentation to investors in New York held Thursday. As previously covered this week here, the combined company …

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Tim Mahoney: Honeywell Targets Space Tech Growth With Com Dev Purchase

Honeywell (NYSE: HON) has agreed to buy space hardware manufacturer Com Dev International for about $345 million in a push to grow Honeywell’s portfolio of satellite and connectivity technologies. Honeywell said Thursday the purchase price is net of Com Dev’s cash and debt, and the company expects the transaction to …

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Oasis Buys MAR in Govt Services Market Push; Tom Colatosti Comments

Oasis Systems has bought professional services company MAR for an undisclosed amount as Oasis looks to expand its reach in the federal government and defense markets. Oasis said Tuesday the combined company will operate in 24 locations throughout the U.S. and work to deliver information technology, cybersecurity, systems engineering, marine operations …

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IAP Buys DRS’ Aviation, Tactical Comms Businesses; Doug Kitani Comments

IAP Worldwide Services has purchased the aviation and logistics,  and tactical communications and network solutions business units of DRS Technologies for an undisclosed sum. IAP said Wednesday it will combine the two acquired segments with its aviation and engineering solutions and national security programs units. Doug Kitani, CEO of IAP Worldwide Services, …

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CSC Sets Nov. 27 as NA Public Sector Spinoff Date, SRA Deal to Close Nov. 30

Computer Sciences Corp. (NYSE: CSC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has scheduled Nov. 27 as the date it expects to complete the spinoff of the company’s North American public sector business, CSC said Wednesday. The technology services company also has set Nov. 30 for the closure of …

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IBM Seeks to Expand Hybrid Cloud Services Through Gravitant Acquisition; Martin Jetter, Don Rippert Comment

IBM (NYSE: IBM) has purchased cloud brokerage software developer Gravitant for an undisclosed sum in a push to help clients buy and manage information technology services across public and private cloud environments. IBM said Tuesday it will incorporate Gravitant’s cloud-based software platform into its global technology services unit and integrate the technology offering with IBM’s software-as-a-service applications. …

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