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M&A Activity

Kratos Buys Majority Stake in Turbine Engine Maker FTT, Forms New Business Unit

Kratos Defense and Security Solutions (Nasdaq: KTOS) has acquired a controlling interest in Florida Turbine Technologies for $60M in cash and stock and formed a new business unit as a result of the transaction. FTT will operate as part of the newly created Kratos Turbine Technologies division, which will focus on the …

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Tyler Technologies Closes MicroPact Acquisition; Lynn Moore Quoted

Plano, Texas-based public sector software provider Tyler Technologies has finalized its acquisition of MicroPact from Arlington Capital Partners. Lynn Moore, president and CEO of Tyler, said in a statement published Thursday the deal aligns with the company’s long-term strategy to build up its current offerings with the addition of complementary …

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Embraer Shareholders OK Partnership With Boeing

Shareholders of Embraer on Tuesday approved the company’s proposed strategic partnership with Boeing (NYSE: BA) during a meeting held in Brazil. Boeing said Tuesday shareholders owning 67 percent of Embraer’s outstanding shares participated in the meeting with 96.8 percent voted to approve the transaction. Embraer stockholders cleared the proposal to develop new markets for the KC-390 military …

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HII Completes Fulcrum Acquisition

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Centreville, Va.-based Fulcrum IT Services as part of efforts to broaden predictive threat analytics and situational awareness offerings. HII said Monday Fulcrum will run as part of its technical solutions division and will bring capabilities in cybersecurity, engineering, software development, …

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Harris, L3 Set April 4 Shareholder Vote on All-Stock Merger Deal

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) will each hold a shareholder meeting on April 4 to decide on proposals needed to finalize the companies’ proposed merger through an all-stock transaction. Shareholders of record as of Feb. 22 will vote at the companies’ respective meetings, Harris and L3 said Monday. L3 …

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Hexagon to Acquire Geospatial App Provider Thermopylae; Ola Rollen Quoted

Sweden-based digital platforms provider Hexagon has agreed to buy Arlington, Va.-based software firm Thermopylae Sciences and Technology for an undisclosed sum to build up a portfolio of 5D visualization systems for U.S. defense and government clients. Hexagon said Monday it will operate Thermopylae as part of its geospatial division upon completion …

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Former Accenture Federal Exec Sean Dillon Joins SE Solutions as CTO

Sean Dillon, former chief technology officer of the homeland security portfolio at Accenture’s (NYSE: ACN) federal services business, has been named CTO of information technology and management consulting services provider Strategic Enterprise Solutions. SE Solutions said Thursday Dillon will be based in the company’s Tysons Corner, Va., headquarters. The U.S. Marine Corps …

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GTY Buys Six Tech Firms to Create Public Sector-Focused Software Company

GTY Technology Holdings Inc. (Nasdaq: GTYH), a special purpose acquisition company founded by former Accenture (NYSE: ACN) and EMC executives, has wrapped up its purchase of six technology companies in a push to expand presence in the public sector market. The deals resulted in the formation of a new software …

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Applied Insight Buys ATG, Stratus Solutions to Expand Cloud, AI, Analytics Offerings; John Hynes Quoted

Ashburn, Va.-based technology services contractor Applied Insight has acquired Stratus Solutions and Applied Technology Group for an undisclosed sum in a push to grow its artificial intelligence, cloud and analytics offerings for defense, intelligence and federal civilian clients. AI said Wednesday it acquired ATG early last year and completed its …

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FLIR Systems Signs $385M Cash Deal to Buy Endeavor Robotics; James Cannon Quoted

FLIR Systems (Nasdaq: FLIR) has agreed to purchase Endeavor Robotics from Arlington Capital Partners for about $385M in cash to make its entry into the market for unmanned ground vehicles for military, critical infrastructure and public safety applications. FLIR said Monday it expects the acquisition to close in the first quarter of …

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