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Tag Archives: M&A Activity

CRN: DXC Technology’s Senior Management Team Draws From Both CSC, HPE Services Segment

Executives from Computer Sciences Corp. (NYSE: CSC) and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment have been named to vice president and director roles at the future merged CSC-HPE ES company that will operate as DXC Technology when it debuts April 3, CRN reported. Michael Novinson writes CSC and HPE tapped Chicago-based executive search firm …

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Shareholders OK $6.4B Rockwell Collins-B/E Aerospace Deal

Shareholders at Rockwell Collins (NYSE: COL) and airline cabin equipment supplier B/E Aerospace (Nasdaq: BEAV) have approved a deal originally announced in October for Rockwell Collins to purchase B/E Aerospace for approximately $6.4 billion in cash and stock. The transaction was backed by more than 99 percent of Rockwell Collins shareholders and nearly 90 …

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HII Names 8 New Execs to Technical Solutions Division; Andy Green Comments

Huntington Ingalls Industries (NYSE: HII) has appointed eight new executives to its technical solutions division that was formed in December following HII’s $380 million acquisition of Huntsville, Alabama-based government services contractor Camber Corp. Andy Green, an executive vice president at HII and president of Technical Solutions, said in a statement released Wednesday that …

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Leonardo to Buy Daylight Solutions Through $150M Equity Deal; Mauro Moretti Comments

Leonardo has agreed to buy 100 percent equity stake in quantum cascade laser platforms maker Daylight Solutions for approximately $150 million through its U.S. subsidiary DRS in a push to grow dual-use integrated technology offerings for civil and military clients. Mauro Moretti, CEO and general manager of Leonardo, said in a statement …

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KKR Completes $1.2B Buy of Airbus Defense Electronics Business

Global investment firm Kohlberg Kravis Roberts & Co. (NYSE: KKR) has concluded its approximately $1.2 billion purchase of the defense electronics business of Airbus Group. France-based Airbus first announced the transaction in March 2016 as part of the company’s defense and space portfolio reorganization. Airbus said Tuesday it will maintain a 25.1 percent minority …

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Veritas Capital to Buy CB&I’s Capital Services Business for $755M; Ramzi Musallam Comments

New York City-based investment firm Veritas Capital has agreed to purchase the capital services business of energy technology and infrastructure provider CB&I (NYSE: CBI) for approximately $755 million. Veritas said Tuesday it expects to complete the acquisition in the second quarter of 2017 and will rename and run the business as an independent firm once …

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MacDonald Dettwiler to Purchase DigitalGlobe in $3.6B Deal

Canada-based communications services company MacDonald, Dettwiler and Associates has agreed to acquire Earth imaging services provider DigitalGlobe (NYSE: DGI) in an estimated $3.6 billion transaction to expand MDA’s footprint in the global satellite imagery market. MDA said Friday it will pay $2.4 billion in cash-and-stock for DigitalGlobe — $17.50 in cash and one-third of an MDA …

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TransDigm Buys Takata’s Aerospace & Defense Businesses for $90M

Cleveland-based aerospace components maker TransDigm Group (NYSE: TDG) has purchased Takata Corp.’s aerospace and defense businesses as well as related assets and liabilities for approximately $90 million cash. TransDigm said Wednesday the transaction covers Takata’s Schroth Safety Products and Takata Protection Systems businesses. Both businesses will operate under the name Schroth and focus on the design and …

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STG Makes Intell Community Push Through $119M Deal for Preferred Systems Solutions

Reston, Va.-based government technology services contractor STG Group has agreed to acquire software engineering and computing provider Preferred Systems Solutions for $119 million in a push to add new footprints in the intelligence community and other national security agencies. STG said Tuesday it expects to close the transaction by the end of March pending …

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Andrew Teich to Retire as FLIR Systems President, CEO

Andrew Teich, president and CEO of FLIR Systems (Nasdaq: FLIR), plans to retire from his roles after an 18-year career at the Wilsonville, Oregon-based thermal imaging camera manufacturer. FLIR said Tuesday Teich, also a member of the firm’s board of directors, will continue to remain in service until the board finds …

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