M&A Activity

AMERGINT Technologies Holdings has agreed to acquire the space-based precision optics business of Raytheon Technologies (NYSE: RTX) for an undisclosed sum. The Danbury, Conn.-based space-based optics business is part of Raytheon Technologies’ Collins Aerospace subsidiary and provides precision electro-optical systems for defense and national security space missions.

AEgis Technologies Group, a portfolio company of private equity firm Arlington Capital Partners, has acquired small unmanned aerial systems provider EMRC Heli for an undisclosed sum in a push to expand its UAS portfolio and build up its capabilities in directed energy area.

A consortium of investors led by Toronto-based private investment firm Northern Private Capital has closed its acquisition of MDA from Maxar Technologies (NYSE: MAXR) for approximately $765M.

AEgis Technologies Group, a national security and engineering services contractor, has acquired mission-enabling technology developer Excivity for an undisclosed sum as part of efforts to expand its intelligence and cyber capabilities.

Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates with about 195K employees worldwide focused on developing technologies across hypersonics, cybersecurity, avionics and directed energy, among other areas, Raytheon Technologies said Friday.

Accenture has acquired Yesler, a business-to-business (B2B) marketing services agency that helps many of the world’s leading brands run their global marketing programs and operations at speed and scale, the company announced on Thursday. The terms of the transaction were not disclosed.

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Pocasset, Mass.-based marine robotics provider Hydroid from Kongsberg Maritime for approximately $350M as part of efforts to expand its capabilities in the autonomous and unmanned maritime systems market. HII said Thursday it will operate Hydroid as part of unmanned systems business unit within its technical solutions division, which now includes capabilities in small and medium unmanned underwater vehicles with the addition of Hydroid’s Remus and Seaglider autonomous underwater vehicles.

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

Cybersecurity services provider ShorePoint has acquired Chantilly, Va.-based information security and data analytics company Cyberyllium for an undisclosed sum to grow offerings and engagements in the government sector.