Tag Archives: M&A Activity

Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

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 …

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Envistacom Adds Virtualization Platform With Fast Fit Technologies Acquisition

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 …

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DOJ Concludes IBM-Red Hat Transaction Review

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 …

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Dawne Hickton to Succeed Terry Hagen as COO of Jacobs’ Aerospace, Tech & Nuclear Business

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 …

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Comtech Buys General Dynamics’ Next Generation 911 Business, Wins $100M Emergency Comms Tech Contract

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 …

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PwC Report: Global Aerospace and Defense M&A Deal Value Reached $4B in Q1 2019

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $4B in the first quarter of 2019, down 73 percent from the prior year period and 45 percent lower than the 10-year average. PwC said the number of M&A deals in the A&D …

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Arlington Capital Unveils New Aerospace Firm as Acquisition of Triumph Group’s Fabrication Business Closes

Arlington Capital Partners has formed a new company after the Washington, D.C.-based private equity firm completed its purchase of Triumph Group’s (NYSE: TGI) forming and fabrication facilities. Radius Aerospace will run as an independent company and be led by Tony Johnson as CEO, Arlington Capital said Monday. Johnson, who will …

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Mercury Buys Syntonic Microwave, The Athena Group; Mark Aslett Quoted

Mercury Systems (Nasdaq: MRCY) has purchased Syntonic Microwave and The Athena Group for $46M combined to expand its radio frequency capabilities and further broaden its presence in security and electronic warfare markets. Mark Aslett, president and CEO of Mercury Systems, said in a statement published Thursday the acquisitions will help …

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Jim Garrettson, CEO of Executive Mosaic, Presents Ken Asbury, CEO of CACI International, His Sixth Wash100 Award

Jim Garrettson, founder and CEO of Executive Mosaic, presented Ken Asbury, chief executive officer and president of CACI International, with his sixth consecutive Wash100 Award on Wednesday. Asbury is the only active 2019 Wash100 recipient to have received the award for six consecutive years with the same company.  Executive Mosaic …

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Hexagon Completes Purchase of Thermopylae Sciences & Technology

Hexagon has wrapped up its acquisition of Thermopylae Sciences and Technology, a Virginia-based provider of geospatial, mobile and cloud computing software platforms to government and commercial clients. Thermopylae will operate under the U.S. federal business within Hexagon’s geospatial division, the Sweden-based precision measuring technology company said Friday. Announced in February, …

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