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M&A Activity

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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Joe Mertens: Sirius Computer Solutions Targets Federal Network Security Market With Force 3 Buy

Sirius Computer Solutions has agreed to purchase Crofton, Maryland-based security firm Force 3 for an undisclosed sum to expand Sirius’ portfolio of computer networking and security offerings for the federal sector. Joe Mertens, president and CEO of Sirius, said Thursday the companies also seek to access new government technology contract vehicles. “We …

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KKR to Purchase Airbus’ Defense Electronics Business for $1.24B

New York City-based private equity firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) has agreed to acquire the defense electronics business of global aerospace and defense contractor Airbus Group for approximately $1.24 billion. Airbus said Friday the transaction is scheduled to close in the first quarter of 2017 and that it may control a …

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IBM Purchases Optevia in Push to Address Public Sector CRM SaaS Demand

IBM (NYSE: IBM) has purchased systems integrator Optevia in an effort to address a demand for software-as-a-service customer relationship management offerings within the public sector. Optevia will be part of IBM Global Business Services and support the business unit’s digital consultancy practice and CRM leadership, IBM said Friday. Joanna Davinson, IBM public sector lead in …

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Patrice Caine: Thales Closes $424M Buy of Vormetric in Cyber Market Push

Thales Group has closed its acquisition of San Jose, California-based data protection technology vendor Vormetric after the French conglomerate obtained regulatory clearance for the estimated $424 million transaction. Patrice Caine, CEO of Thales, said in a statement issued Thursday the company will integrate Vormetric into its e-Security business in a push to help organizations secure …

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Haskell to Purchase Leidos’ Heavy Construction Business, Design Assets

Jacksonville, Florida-based engineering and infrastructure services company Haskell has agreed to purchase Leidos‘ (NYSE: LDOS) heavy construction business and some design assets of the latter’s engineering business for an undisclosed sum. Haskell said Wednesday the transaction is scheduled to close in the second quarter of 2016 and will rebrand the Leidos Constructors and Leidos Engineering design asset businesses to Benham, the name …

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Tetra Tech Purchases IT Services Contractor Indus in Data Analytics Market Push

Pasadena, California-based engineering services contractor Tetra Tech (NASDAQ: TTEK) has purchased information technology services contractor Indus Corp. for an undisclosed sum in a push to expand footprints in markets such as data analytics and geospatial analysis. Vienna, Virginia-headquartered Indus has become a part of Tetra Tech’s water, environment and infrastructure business …

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