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Tag Archives: CFIUS

Hexagon to Acquire Geospatial App Provider Thermopylae; Ola Rollen Quoted

Sweden-based digital platforms provider Hexagon has agreed to buy Arlington, Va.-based software firm Thermopylae Sciences and Technology for an undisclosed sum to build up a portfolio of 5D visualization systems for U.S. defense and government clients. Hexagon said Monday it will operate Thermopylae as part of its geospatial division upon completion …

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Speedcast Receives CFIUS Clearance for Globecomm Deal

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end of 2018, pending customary closing conditions. On Aug …

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Orolia to Buy Talen-X in PNT Tech Expansion Push

Orolia has agreed to purchase GPS and global navigation satellite system threat mitigation platforms provider Talen-X for an undisclosed sum. Jean-Yves Courtois, Orolia CEO, said in a statement published Tuesday the acquisition seeks to reinforce the company’s position as an assured positioning, navigation and timing technology platforms provider and build …

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Foreign Investment Committee Completes Ultra Electronics-Sparton Transaction Review

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust …

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Foreign Investment Committee Wraps Up MDA-DigitalGlobe Transaction Review

The Committee on Foreign Investment in the U.S. has completed its review of the proposed $3.6 billion acquisition of DigitalGlobe (NYSE: DGI) by Canada-based MacDonald, Dettwiler and Associates. MDA said Thursday it secured clearance from the New York Stock Exchange to list and trade its common shares on NYSE under the ticker symbol “MDA” …

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DigitalGlobe, MDA Shareholders OK $3.6B Merger Deal

Shareholders at DigitalGlobe (NYSE: DGI) and Canada-based MacDonald, Dettwiler and Associates have separately approved the deal originally announced in February for MDA to buy the Westminster, Colorado-based Earth imaging services provider in an estimated $3.6 billion transaction. Holders of approximately 93 percent of shares in DigitalGlobe voted to approve the merger and that 81 …

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MDA, DigitalGlobe Shareholders Set July 27 Vote on $3.6B Merger Plan

DigitalGlobe and Canada-based MacDonald, Dettwiler and Associates are scheduled to hold their respective shareholder meetings July 27 to decide on MDA’s proposed $3.6 billion acquisition of the Westminster, Colorado-based Earth imaging services provider originally announced in February. Both companies also refiled a joint voluntary notice to the Committee on Foreign Investment in the U.S. in …

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Former DoD Counsel Kathy Brown Joins Covington & Burling

Kathy Brown, formerly an associate general counsel at the Defense Department, has joined Covington & Burling as a special counsel and will focus on the firm’s aerospace, defense and security industry portfolio. “I look forward to assisting Covington clients in navigating the labyrinth of government acquisition regulations and the daunting M&A …

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