Home / Tag Archives: M&A Activity (page 20)

Tag Archives: M&A Activity

Centerra Buys TDI in Humanitarian Demining Market Push; Paul Donahue Comments

Centerra Group has purchased battle area and landmine clearance provider The Development Initiative for an undisclosed sum as part of Centerra’s global expansion efforts and plan to re-enter the humanitarian mine clearance services market. TDI will operate as a Centerra Group subsidiary through its headquarters in Zimbabwe, Centerra said Friday. Paul Donahue, president …

Read More »

Leanne Caret: Boeing Considers ‘Bolt-On’ Acquisitions in Services Sector

An official with Boeing (NYSE: BA) said the company plans to make smaller bolt-on acquisitions in the services sector in an effort to increase revenue of the firm’s defense, space and security business, Bloomberg reported Monday. Leanne Caret, CEO of Boeing’s defense, space and security business, said Boeing plans to …

Read More »

Blue Coat’s Michael Fey to Join Symantec as President, COO; Dan Schulman Comments

Michael Fey, president and chief operating officer at Sunnyvale, California-based security and network technology provider Blue Coat, will serve in the same roles at Symantec (Nasdaq: SYMC) upon completion of the latter company’s acquisition of Blue Coat. Symantec said Monday Fey will report to the incoming Symantec CEO Greg Clark, formerly CEO of …

Read More »

Paul Fernandes to Retire as STG Group President; Simon Lee Comments

Paul Fernandes, president of the government services contractor STG Group, will retire from his role by the end of 2016 after a 12-year career at the Reston, Virginia-based company. STG said Thursday Fernandes plans to stay in the role until the end of the year as the company works to identify and appoint a CEO. …

Read More »

Polycom Accepts $2B Buyout Offer From Siris Capital, Backs Out of Mitel Deal

Global communications services provider Polycom (Nasdaq: PLCM) has signed a new agreement to be purchased and taken private by investment firm Siris Capital for $2 billion and terminate a previous $1.96 billion merger deal with Ottawa, Canada-based Mitel (Nasdaq: MITL) announced in April. Polycom said Friday its board of directors received an offer letter from Siris on Thursday …

Read More »

SES to Buy Remaining O3b Networks Stake for $730M

Luxembourg-based communications satellite operator SES has exercised a call option to acquire the remaining 50.9 percent stake in Channel Islands-based satellite broadband services provider O3b Networks through an estimated $730 million deal with other O3b shareholders. SES said Monday it will use money the company raised during a recent equity financing event to fund the transaction and …

Read More »

KBR Unveils Rebranded Wyle as $570M Acquisition Closes

KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment. KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per year post-acquisition and have …

Read More »

Airbus, Safran Merge Space Launch Operations in Joint Venture

Airbus Group and Safran have completed the merger of their space launch operations through a joint venture in an effort to support commercial sector clients in Europe. Safran will pay approximately $835 million to Airbus in order to acquire a 50-percent stake in Airbus Safran Launchers joint venture, Airbus said …

Read More »

FLIR Systems Buys Night Vision Tools Provider Armasight for $41M; Andy Teich Comments

FLIR Systems (Nasdaq: FLIR) has purchased San Francisco-based night vision and thermal imaging equipment supplier Armasight through a cash transaction valued at approximately $41 million. Andy Teich, president and CEO of FLIR, said in a statement released Tuesday the acquisition aims to expand the company’s portfolio of thermal weapon sights and scopes in support of …

Read More »

Darius Adamczyk Named Successor of Honeywell CEO Dave Cote

Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company’s CEO, effective March 31, 2017. Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell’s executive chairman through April 2018 and then commence a five-year noncompete and consulting agreement with …

Read More »