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M&A Activity

Daniel Friedmann: MDA Adds to Radar Info Processing Portfolio Through Acquisition

MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) has agreed to buy an unidentified information sensors business for an undisclosed amount in a move to pursue opportunities in the U.S. surveillance market. British Columbia-based MDA plans to integrate that business into its Gaithersburg, Maryland-based Information Systems LLC subsidiary and expects to close the …

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Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

Italian defense and aerospace conglomerate Finmeccanica could be considering a sale of its DRS Technologies as part of an organization-wide restructuring initiative, Defense News reported Monday. Mauro Moretti, Finmeccanica CEO, told reporters at the Farnborough International Airshow Monday that his company would analyze potential synergies of core activities between DRS and the rest of …

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Lockheed Buys Thin Film Coating Maker Deposition Sciences

Lockheed Martin (NYSE: LMT) has purchased Deposition Sciences, a subsidiary of Advanced Lighting Technologies that manufactures optical thin film coatings for the defense and commercial industries. Investment banking firm Headwaters MB said Monday that it advised ADLT through the process and secured Lockheed as a buyer. Lockheed plans to integrate DSI into the aeronautics business. The parties did not …

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AECOM Signs $4B Deal to Buy URS Corp

Engineering design and infrastructure services firm AECOM has agreed to buy URS Corp. (NYSE: URS) for approximately $4 billion in cash and stock, or $56.31 per share, the companies said Sunday. AECOM will also assume URS’ debt and expects to close the acquisition in October, pending regulatory approvals and approval by …

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Cisco Wraps Up $175M Purchase of Networking Tech Firm Tail-f Systems

Cisco (NASDAQ: CSCO) has finalized its acquisition of physical and virtual network systems provider Tail-f Systems for $175 million cash plus employee retention incentives. Tail-f staff members will join Cisco’s cloud and virtualization business and will be led by group vice president and general manager Gee Rittenhouse, Cisco said Wednesday. …

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IBM Sells Database Mgmt System to UNICOM; Corry Hong Comments

IBM Corp. (NYSE: IBM) has sold its relational database management system to UNICOM Systems for an undisclosed amount. UNICOM bought the solidDB in-memory system and its Universal Cache feature, UNICOM said Tuesday. The company intends for the acquisition to grow UNICOM’s strategic information technology offerings for customers and partners. “We appreciate …

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Robert Norfleet: Federal Network Systems Becomes Part of Jacobs Engineering

Jacobs Engineering Group (NYSE: JEC) has concluded its acquisition of Verizon’s (NYSE: VZ) Federal Network Systems for undisclosed terms. Robert Norfleet, Jacobs group vice president, said Tuesday the company intends to grow its presence in the intelligence community industry by expanding its existing service offerings through the acquisition. Ashburn, Virginia-based Federal Network …

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Hilton Romanski: Cisco Acquires Assemblage

Cisco (NASDAQ: CSCO) has moved to expand its presence in the mobility and cloud computing markets by acquiring collaboration tools provider Assemblage for an undisclosed amount. Hilton Romanski, senior vice president for business development at Cisco, said Friday that Assemblage’s team of web development engineers will join Cisco’s collaboration technology group. Romanski wrote …

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Marillyn Hewson: Lockheed Seeks to Complement Intell Sharing Tech Portfolio With Zeta Associates Buy

Lockheed Martin (NYSE: LMT) has agreed to purchase Zeta Associates, a data-exchange technology provider to the defense and intelligence sectors, for an undisclosed amount. “Zeta Associates’ expertise in cross-platform information collection, analysis and dissemination is an ideal complement to our national security capabilities, ” Marillyn Hewson, Lockheed president and CEO, …

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Boeing Buys Hardware, Software Engineering Provider Ventura Solutions

Boeing Co. (NYSE: BA) has bought hardware and software engineering provider Ventura Solutions Inc. for an undisclosed amount. Ventura Solutions will operate within Boeing’s network and space systems division, Boeing said Friday. Annapolis Junction, M.-based Ventura Solutions employs nearly 140 people.

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