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Tag Archives: Acquisition

Sapient Buys Federal IT Services Provider OnPoint; Allan Herrick Comments

Sapient (NASDAQ: SAPE) has acquired OnPoint Consulting for an undisclosed sum as part of Sapient’s efforts to bolster its presence in the public sector technology services market. Arlington, Va.-based OnPoint has a 150-employee workforce that helps federal agencies develop, protect and run information technology platforms, Sapient said. Sapient hopes to …

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Allegheny Technologies Acquires Dynamic Flowform; Rich Harshman Comments

Allegheny Technologies Inc. (NYSE: ATI) has moved to grow its presence in the aerospace and energy markets by acquiring Dynamic Flowform Corp. for an undisclosed amount. Billerica, Mass.-based Dynamic Flowform manufactures components in net or near-net shapes of lloy systems using a precision flowforming process, ATI said Monday. Rich Harshman, …

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ICF Subsidiary Acquires Communications Firm Mostra SA

ICF International (NASDAQ: ICFI) subsidiary GHK Consulting Ltd. has acquired Brussels, Belgium-based communications provider Mostra SA for an undisclosed amount. Mostra’s communications services will be integrated into ICF’s offerings as the Fairfax, Va.-based consulting company aims to extend its advisory services for European customers, ICF said Friday. Squire Sanders and goetzpartners …

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Michael Braun: SGI Eyes “Broader Platform” with Pick Up of Weapons Training Firm AWTI

SGI Global LLC has purchased Advanced Weapons Training International LLC for an undisclosed amount. The acquisition is intended to grow SGI’s risk assessment and personnel recovery support offerings in the military, law enforcement and commercial training markets, SGI said Thursday. SGI Managing Partner Michael Braun added that his company looked to strengthen its …

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Tony Smeraglinolo: Engility Targets New Contract Vehicles As DRC Buy Closes

Engility Holdings (NYSE: EGL) has closed its $11.50-per-share acquisition of Dynamics Research Corp. as part of a growth strategy to target markets such as healthcare and homeland security. DRC holds 300 active contracts and that figure includes several positions on indefinite-delivery/indefinite-quality contract vehicles awarded by the Defense Department and civilian agencies, …

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Engility Finalizes Cash Tender Offer for DRC; Jim Regan Comments

Engility Holdings (NYSE: EGL) has completed a cash tender offer to acquire Dynamics Research Corp. (NASDAQ: DRCO) for $11.50 each. Eighty-six percent of DRC’s common stock or 9, 025, 528 shares have been tendered in the tender offer that expired Tuesday midnight, New York City time, Engility said Wednesday. Jim Regan, DRC’s …

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MacAulay-Brown Buys National Security Provider Commonwealth Technology

MacAulay-Brown Inc. has bought Commonwealth Technology Inc., a provider of national security products and engineering services. Commonwealth Technology will operate within MacB’s national security business unit that is led by Mark Chadason, group senior vice president and general manager, MacB said Monday. Chadason said MacB intends for the acquisition to build …

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Astronics to Buy EADS NA’s Test, Services Business for $53M; Peter Gundermann Comments

Astronics Corp. (NASDAQ: ATRO) has agreed to buy Airbus Group Inc.’s (formerly EADS North America) test and services business for nearly $53 million in cash. EADS T&S will operate within Astronics’ test systems segment after the transaction is completed in February, which is subject to regulatory approval and other closing conditions, Astronics …

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Report: Google Buys Artificial Intell Firm DeepMind for $400M

Google Inc. (NASDAQ: GOOG) has acquired artificial intelligence company DeepMind for $400 million in an effort to grow its machine learning technology, CNET reported Sunday. Steven Musil writes DeepMind develops algorithms for various applications such as simulations, e-commerce and games by gathering techniques from machine learning systems. Google CEO Larry …

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Qualcomm Buys Several Thousand Granted and Pending Patents from HP

Qualcomm (NASDAQ: QCOM) has purchased 1, 400 granted patents and pending patent applications in the U.S. from Hewlett-Packard for an undisclosed amount. The purchase also includes 1, 000 granted patents and pending patent applications from other countries and covers technologies such as the Palm, IPAQ and Bitfone mobile operating systems, Qualcomm said Thursday. Qualcomm …

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