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M&A Activity

Raytheon, UTC Announce All-Stock Merger; Thomas Kennedy, Greg Hayes Quoted

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.

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BAE Acquires Riptide Autonomous Solutions; Terry Crimmins Quoted

BAE Systems’ U.S. subsidiary has completed its purchase of Plymouth, Mass.-based unmanned underwater vehicle provider Riptide Autonomous Solutions for an undisclosed sum. BAE Systems Inc. said Monday its electronic systems sector will absorb Riptide staff primarily to support the FAST Labs organization, which develops technological offerings for use in defense, security and aerospace domains.

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Randy Phillips: Leidos Considers Several Acquisition Targets, Eyes Organic Growth

Randy Phillips, head of corporate development at Leidos (NYSE: LDOS), said the company is looking at several acquisition targets and he believes mergers and acquisitions won’t slow down for GovCon firms, the Washington Business Journal reported Friday. “We’re all still looking for growth. We all want to focus on organic growth,” Phillips said at an event Friday.

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NewWave Eyes Value-Based Care Tech Expansion via iQuartic Purchase; Patrick Munis, Ze Jiang Quoted

Elkridge, Md.-based NewWave Telecom & Technologies has acquired artificial intelligence company iQuartic for an undisclosed sum in a move to expand its offerings with the addition of value-based care platforms with AI capabilities for health care organizations.

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FireEye Buys Verodin in $250M Cash-and-Stock Deal; Kevin Mandia Quoted

FireEye (Nasdaq: FEYE) has acquired McLean, Va.-based cybersecurity instrumentation technology provider Verodin through a cash-and-stock transaction worth approximately $250M. “Verodin gives us the ability to automate security effectiveness testing using the sophisticated attacks we spend hundreds of thousands of hours responding to, and provides a systematic, quantifiable and continuous approach …

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Public Safety Software Provider CentralSquare Buys Tellus; Simon Angove Quoted

CentralSquare Technologies has purchased Tellus Safety Solutions for an undisclosed sum in a push to establish a single virtual network to facilitate communications for first responders and other public safety personnel across North America. CentralSquare said Wednesday it plans to create a common virtual system designed to connect disparate 911 …

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Serco Inc. Strikes $225M Deal for Alion’s Naval Business; Dave Dacquino, Craig Reed Quoted

Serco Group’s North American subsidiary has agreed to acquire the naval systems business unit of Alion Science and Technology for $225M in a push to expand its footprint in the naval modernization, sustainment and support services market. Serco Inc. said Thursday it expects the transaction to be finalized in the …

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Acendre Announces Acquisition of ICS Learning Group; Mike Giuffrida Quoted

Cloud-based talent management software provider Acendre has acquired ICS Learning Group for an undisclosed sum. “Acendre is dedicated to partnering with customers who have complex hiring and development processes that must be automated to compete for talent,” Acendre CEO Mike Giuffrida said in a statement published Monday. Giuffrida noted the transaction …

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