IBM (NYSE: IBM) will spin off its managed infrastructure services unit into a public company in a move to focus on its growth strategy for hybrid cloud and advance artificial intelligence capabilities. "Client buying needs for application and infrastructure services are diverging, while adoption of our hybrid cloud platform is accelerating. Now is the right time to create two market-leading companies focused on what they do best,” said IBM CEO Arvind Krishna.
Read More »Pattonair, Wesco Merge in $1.9B Deal for Aerospace & Defense Supply Chain Mgmt Service Push
Pattonair, a portfolio company of Platinum Equity, and Wesco Aircraft Holdings have merged through an approximately $1.9B deal in a move to grow customer base and footprint in the global supply chain management services market.
Read More »American Securities, Lindsay Goldberg Ink $2.4B Deal for AECOM’s Mgmt Services Arm; John Vollmer Quoted
Affiliates of private equity firms Lindsay Goldberg and American Securities have agreed to acquire AECOM’s (NYSE: ACM) management services business for $2.4B.
Read More »VMware Strikes $2.7B in Deals for Pivotal, Carbon Black; Pat Gelsinger Quoted
VMware (NYSE: VMW) has agreed to acquire Pivotal Software (NYSE: PVTL) for approximately $2.7B and cybersecurity firm Carbon Black (Nasdaq: CBLK) for about $2.1B.
Read More »CACI Allots $975M for LGS, Mastodon Design Acquisitions; Ken Asbury Quoted
CACI International (NYSE: CACI) has agreed to acquire Herndon, Va.-based government technology contractor LGS Innovations and purchased Rochester, N.Y.-based rugged equipment manufacturer through a pair of deals worth approximately $975M combined. Ken Asbury, president and CEO of CACI and a 2019 Wash100 winner, said in a statement released Wednesday combining …
Read More »Cerberus to Acquire Sparton; Tarek Ajouz Quoted
New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …
Read More »CACI Drops Acquisition Bid for CSRA; Ken Asbury Comments
CACI International (NYSE: CACI) has withdrawn its bid to purchase CSRA (NYSE: CSRA) for $44.00 per share in cash and stock, or approximately $7.2 billion. “We will continue our aggressive pursuit of strategic opportunities, judiciously and without engaging in auctions at uneconomic levels,” CACI CEO Ken Asbury said in a statement …
Read More »CACI Offers $7.2B Cash & Stock for CSRA
CACI International (NYSE: CACI) has offered to acquire CSRA (NYSE: CSRA) for approximately $7.2 billion in cash and stock, or $44.00 per share, in a bid to form a combined entity that will deliver mission services and enterprise support offerings to government clients. Arlington, Virginia-based CACI said Sunday its board …
Read More »UTC Proposes $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments
United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …
Read More »NTT Data Completes $3.05B Purchase of Dell Services
A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell’s services business for $3.05 billion in a strategy to expand the former’s consulting and information technology services. NTT Data CEO John McCain will oversee the newly acquired firm that will operate as NTT Data Services on …
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