Tag Archives: M&A Activity

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 …

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 …

Hewlett Packard Enterprise (NYSE: HPE) has agreed to acquire Cray (Nasdaq: CRAY) for approximately $1.3B in cash, or $35 per share, in a move to expand high-performance computing technology offerings. HPE said Friday it expects the deal to conclude by the first quarter of its fiscal year 2020 and to …

By Light Professional IT Services has acquired cyber training services contractor Metova Federal for an undisclosed sum. “This acquisition will allow us to expand and diversify our cyber offering to better serve our customers,” Bob Donahue, CEO and founder of By Light, said in a statement published Friday. Cabot, Ark.-based Metova Federal provides …

Martin Amen, former senior director of secure network operations at Northrop Grumman (NYSE: NOC), has joined Cubic (NYSE: CUB) as vice president of strategy and business development for the Nuvotronics business. He will report to Mike Twyman, president of Cubic Mission Solutions, and help define and implement the growth strategy …

Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg …

Envistacom has acquired Frederick, Md.-based virtualization technology provider Fast Fit Technologies in a move to offer virtualized communications waveform and data analytics applications to the Department of Defense. Atlanta-based Envistacom said Tuesday it aims to provide a common network infrastructure designed to host virtualized waveform applications that users can access …

The Department of Justice has completed its assessment of the proposed $34B acquisition of Red Hat (NYSE: RHT) by IBM (NYSE: IBM). IBM also secured a notice of early termination of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the company said Friday …

Dawne Hickton, a board member at Jacobs Engineering Group (NYSE: JEC), has been named chief operating officer and president of the company’s aerospace, technology and nuclear business in a move that will take effect June 3. She will succeed Terry Hagen, who will transition to the role of executive strategic adviser …

Comtech Telecommunications (Nasdaq: CMTL) has acquired a General Dynamics (NYSE: GD) business that offered a 9-1-1 emergency communications system to state and local government clients. Comtech said Monday it added 60 employees as a result of the Next Generation 911 acquisition from General Dynamics’ information technology segment and secured a …