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Tag Archives: M&A Activity

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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Future CSC-HPE Services Combination to Trade as ‘DXC Technology’

The company set to be formed by the merger of Computer Sciences Corp. (NYSE: CSC) and the enterprise services segment of Hewlett Packard Enterprise (NYSE: HPE) will operate under the “DXC Technology” name upon the deal’s scheduled April 3 closure. CSC said Wednesday the future company will list on the New York …

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CSC, CSRA Amend Non-Compete Agreement in Public Sector Market

Computer Sciences Corp. (NYSE: CSC) has amended its non-competition pact with CSRA (NYSE: CSRA) ahead of an impending merger between CSC and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment, CRN reported Monday. Michael Novinson writes the modified agreement will ease limits on CSC’s participation in the federal, state and local government markets …

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Granicus Names Mark Hynes CEO After GovDelivery Merger

Mark Hynes, formerly chief strategy and development officer at Altisource Portfolio Solutions (NASDAQ: ASPS), has joined cloud software platforms provider Granicus as CEO. His appointment comes after Granicus merged with cloud-based communications software provider GovDelivery, Granicus said Monday. Hynes succeeded former Granicus CEO Jason Fletcher, who was appointed chief operating …

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ANSER Buys Federal R&D Consortia Manager ATI from SCRA

Analytic Services has purchased Advanced Technology International from South Carolina-based applied research corporation SCRA for an undisclosed sum in an effort to expand ANSER’s U.S. presence and advance its public service mission through the integration of ATI’s research and development capabilities. ANSER will add approximately 165 employees to its workforce and …

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Millstein & Co. Buys PRA Group’s Government Service Businesses for $91.5M

New York-based financial services firm Millstein & Co. has purchased four government service businesses from Norfolk, Virginia-based debt buyer PRA Group (Nasdaq: PRAA) for $91.5 million cash. Millstein said Thursday it will operate Broussard Partners, eGov Systems, MuniServices and Revenue Discovery Systems through its newly formed entity – Government Revenue …

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