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Tag Archives: M&A Activity

FTC Clears HIG Capital’s $283M NCI Purchase

The Federal Trade Commission has given antitrust approval for global private equity firm H.I.G. Capital’s proposed $283 million cash acquisition of government information technology services contractor NCI (Nasdaq: NCIT). FTC granted early termination of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, NCI said …

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Motorola Solutions Eyes 911 Software Portfolio Expansion Via Airbus DS Communications Purchase

Motorola Solutions (NYSE: MSI) has agreed to buy Airbus’ communications business through the acquisition of the latter’s Plant Holdings subsidiary for an undisclosed sum in a push to expand 911 software offerings. Airbus DS Communications operates under Plant Holdings and provides command center software platforms that work to field emergency calls, Motorola …

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DigitalGlobe, MDA Shareholders OK $3.6B Merger Deal

Shareholders at DigitalGlobe (NYSE: DGI) and Canada-based MacDonald, Dettwiler and Associates have separately approved the deal originally announced in February for MDA to buy the Westminster, Colorado-based Earth imaging services provider in an estimated $3.6 billion transaction. Holders of approximately 93 percent of shares in DigitalGlobe voted to approve the merger and that 81 …

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John Pitsenberger Named CFO of Former Harris IT Business

John Pitsenberger, former executive vice president and chief financial officer of Sotera Defense Solutions, has been appointed CFO of MHVC Acquisition Corp. — previously known as the government information technology services division of Harris (NYSE: HRS). MHVC CEO Stu Shea said in a statement released Tuesday Pitsenberger’s government contracting industry experience will …

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Cubic Eyes Wireless Comms Capability Expansion Via Deltenna Purchase; Bradley Feldmann Comments

Cubic (NYSE: CUB) has wrapped up its purchase of U.K.-based radio and antenna communication platforms provider Deltenna for an undisclosed sum in a push to build up wireless communications capabilities for training and tactical applications. Deltenna designs and produces rugged antennas, broadband range extensions, Long Term Evolution base stations and other …

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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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