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M&A Activity

Accenture to Purchase Agilex in Digital Services, Analytics Push

The U.S. federal subsidiary of Accenture (NYSE: ACN) has agreed to purchase Chantilly, Va.-based digital services provider Agilex for an undisclosed sum in an effort to expand offerings in analytics, cloud computing and mobility. Accenture Federal Services said Monday it also seeks to grow its agile delivery portfolio in the federal …

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Bloomberg: Motorola Solutions Mulls Possible Sale

Motorola Solutions (NYSE: MSI) has sought assistance from financial advisers as it considers a sale of the company, Bloomberg reported Saturday. Alex Sherman and Brian Womack write potential buyers for the communications equipment developer could include private equity groups or other technology firms such as General Dynamics (NYSE: GD), Honeywell …

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Harris Signs Deal to Purchase Exelis for $4.75B in Cash, Stock

Melbourne, Fla.-based communications technology maker Harris Corp. (NYSE: HRS) has agreed to purchase defense electronics manufacturer Exelis (NYSE: XLS) in a cash-and-stock transaction with an enterprise value of $4.75 billion, or $23.75 per share, the companies said Friday. The price of the deal — Harris’ largest acquisition in company history — is …

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Cloudera Buys Self-Service Analytics Provider Xplain.io; Charles Zedlewski Comments

Cloudera has bought self-service analytics provider Xplain.io for an undisclosed amount in an effort to help customers in enterprise data center deployment. The Xplain.io team will join Cloudera to assist clients in adding workloads to their Cloudera  environments, Cloudera said Tuesday. “With the addition of Xplain.io technology and expertise, we …

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VMware Buys Workspace Environment Manager Immidio; Sumit Dhawan Comments

VMware (NYSE: VMW) has acquired Immidio, provider of user environment management, for an undisclosed amount in a move to help clients transition to mobile cloud platform. Sumit Dhawan, senior vice president and general manager of desktop products for VMware, said Tuesday the acquisition is intended to expand VMware’s technologies for …

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Alan Marc Smith: Millstein Targets Govt IT Market Expansion With DLT Buy

Financial advisory firm Millstein & Co. has acquired DLT Solutions for an undisclosed amount with the goal of helping DLT to expand its information technology offerings in the government market. DLT said Friday that Alan Marc Smith, a more than 25-year industry veteran and operating partner at Millstein, has joined …

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Huntington Ingalls Buys Undersea Drone Builder; Matt Mulherin Comments

Huntington Ingalls Industries (NYSE: HII) has acquired the underwater drone manufacturing business of Columbia Group for an undisclosed amount. The division will operate as a subsidiary known as Undersea Solutions Group within Newport News Shipbuilding’s submarine and fleet support division, Huntington Ingalls said Friday. Matt Mulherin, HII corporate vice president and Newport News Shipbuilding president, …

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Report: Airbus Seeks Majority Stake of MBDA

Airbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday. Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times. Analysts estimate Finmeccanica’s MBDA …

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Report: Finmeccanica Plans Sale of $224M in DRS Assets

Finmeccanica is looking to divest approximately $224 million worth of assets in DRS Technologies this year, Defense News reported Tuesday. Tom Kington writes Finmeccanica announced the divestment plan as the Italian conglomerate unveiled a revised earnings guidance and an industrial strategic plan. Last summer, Mauro Moretti, Finmeccanica CEO, said he …

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David Thompson: Orbital, ATK Set Feb. 9 Date to Close A&D Merger and Outdoor Group Spinoff

Both sets of stockholders Orbital Sciences (NYSE: ORB) and ATK (NYSE: ATK) voted Tuesday to approve the transaction that will see Orbital merge with ATK’s aerospace and defense groups. The merger is scheduled to close Feb. 9 and the combined company will trade as Orbital ATK under the stock ticker symbol “OA” …

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