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Tag Archives: M&A Activity

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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Agile Six to Take Over tiag’s VA IT Support Work Under T4NG Contract Vehicle

Agile Six Applications is acquiring a tiag business unit that currently offers information technology support services to the Department of Veterans Affairs through the Transformation Twenty-One Total Technology Next Generation contract. Tiag President and CEO Dalita Harmon said in a statement released Tuesday that VA will continue to receive health IT support services after the …

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Ultra Electronics Agrees to Purchase Sparton

U.K.-based defense and aerospace equipment manufacturer Ultra Electronics has agreed to acquire Schaumburg, Illinois-based electromechanical technology provider Sparton  (NYSE: SPA). Sparton said Friday the transaction is valued at $23.50 per share and that it expects to complete the sale by Jan. 1, 2018. Joseph Hartnett, interim president and CEO of Sparton, said the deal …

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Mercury Eyes Mission Computing Portfolio Expansion Via Richland Technologies Purchase

Mercury Systems (Nasdaq: MRCY) has purchased Duluth, Georgia-based Richland Technologies for an undisclosed sum in a move to grow processing subsystems offerings for aerospace and defense clients. Mercury said Wednesday it plans to keep RTL’s presence in Duluth and that the transaction complements its purchase of Switzerland-based military and aerospace …

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NTA Buys V1 Analytical Solutions to Expand Intell, Info Services

Arlington, Virginia-based technical services provider National Technologies Associates has bought V1 Analytical Solutions for an undisclosed sum to add new intelligence analysis, operations support and specialized training services for defense customers. V1 President Ralph Cacci will join NTA as vice president of the V1 business unit and V1 board member Eric Olson, …

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HIG Capital Inks $283M Cash Deal for NCI; Paul Dillahay Comments

Global private equity firm H.I.G. Capital has agreed to acquire Reston, Virginia-based government information technology services provider NCI (Nasdaq: NCIT) for approximately $283 cash, or $20 per share. NCI said Monday its board of directors unanimously approved the proposed sale and that founder and Chairman Charles Narang will tender all of …

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Leonardo DRS Completes $150M Daylight Solutions Buy

Leonardo DRS has wrapped up its acquisition of quantum cascade laser platforms manufacturer Daylight Solutions for approximately $150 million. The transaction received regulatory approvals and clearance from Daylight Solutions’ stockholders, Leonardo said Monday. Leonardo DRS agreed to purchase 100 percent equity stake in Daylight Solutions in March in a move …

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Boeing’s Caryn Nightengale Named Liquid Robotics CFO; Gary Gysin Comments

Caryn Nightengale, formerly director of corporate development at Boeing’s (NYSE: BA) defense, space and security segment, has joined Sunnyvale, California-based unmanned maritime systems maker Liquid Robotics as chief financial officer. She will report to Gary Gysin, Liquid Robotics’ president and CEO, and oversee financial management, contracts, information technology and global trade …

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Level 3 Vet Edward Morche to Serve as CenturyLink President of Strategic Enterprise, Federal and State Gov

Edward Morche, a 16-year Level 3 Communications (NYSE: LVLT) veteran, will serve as president of strategic enterprise, federal government and state government business unit at CenturyLink (NYSE: CTL) once the Monroe, Louisiana-based telecommunications firm completes its pending $34 billion acquisition of Level 3. Erich Sanchack continues to lead the federal government group. Morche will …

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Antonio Neri Promoted to HPE President; Meg Whitman Comments

Antonio Neri, executive vice president and general manager of enterprise group at Hewlett Packard Enterprise (NYSE: HPE), has been promoted to president at the Palo Alto, California-based technology company. Neri will oversee HPE’s four primary business lines and the company’s HPE Next efforts that aim to streamline operations, seek new …

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