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Tag Archives: M&A Activity

Mitcham Buys L-3’s Sonar Tech Manufacturing Business

Mitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors. Texas-based Mitcham sells or leases geophysical equipment for energy, academic, environmental, seismic and government use,  and the company aims to expand its technology and customer base through …

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Josh Walden: Intel Eyes Drone Tech Market With AscTec Purchase

Intel (Nasdaq: INTC) has agreed to buy German unmanned aerial vehicle developer Ascending Technologies for an undisclosed sum as the companies seek to accelerate adoption of computing tools in the drone market. Josh Walden, senior vice president and general manager of Intel’s new technology group, wrote in a blog article published …

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Cubic Buys GATR, TeraLogics to Expand C4ISR, Satcom Portfolios; Bradley Feldmann Comments

Cubic Corp. (NYSE: CUB) has acquired GATR Technologies for $232.5 million and TeraLogics for $39 million in a push to grow Cubic’s defense systems business and expand its command, communications, control, computers, intelligence, surveillance and reconnaissance offerings. Alabama-based GATR manufactures inflatable satellite communication and C4ISR terminals for deployment in remote environments, …

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WSJ: VMware Backs Out From Cloud Joint Venture Plan With EMC

VMware (NYSE: VMW) has canceled plans to form a joint venture with EMC (NYSE: EMC) that will work to combine both companies’ cloud services, the Wall Street Journal reported Monday. Don Clark writes that a spokesman for VMware told the Journal the company will continue to run vCloud Air as a separate …

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Dell, EMC Merger to Proceed After ‘Go Shop’ Period Ends

EMC (NYSE: EMC) and Dell are set to continue with their planned merger after the Massachusetts-based data storage company did not receive a “superior” alternative offer during a go-shop process. Dell agreed to acquire EMC in October for about $67 billion in cash and stock to create a combined company that …

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Reuters: PAE Attracts Acquisition Offers From 3 Investment Firms

Three private equity firms have put forward bids to acquire Arlington, Virginia-based government services contractor PAE from owner Lindsay Goldberg, Reuters reported Friday. Mike Stone and Greg Roumeliotis write Apollo Global Management emerged as the leading bidder during a recent auction process and is currently in talks with Lindsay Goldberg for a potential acquisition …

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LookingGlass to Acquire QinetiQ’s Cyveillance Threat Intell Business for $35M

LookingGlass Cyber Solutions has agreed to acquire online monitoring and threat intelligence business Cyveillance from British defense technology contractor QinetiQ Group for approximately $35 million in cash. Chris Coleman, CEO of LookingGlass, said Friday his company aims to build a comprehensive intelligence-based platform for security professionals to manage business risks and threats. Arlington, Virginia-based …

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Tony Dunleavy: Strat Aero Makes UAS Market Push Through Aero Kinetics Buy

Strat Aero has agreed to acquire Fort Worth, Texas-based unmanned aircraft system manufacturer Aero Kinetics for about $24 million and potential incentive payments. London-based Strat Aero provides aeronautical services to civilian, law enforcement and military customers and made the acquisition to expand its UAS operational and flight training offerings,  CEO Tony …

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Ken Asbury: CACI’s Purchase of L-3 Services Arm Seeks Wider Intell, Enterprise IT Presence

Arlington, Virginia-based CACI International (NYSE: CACI) seeks a wider presence in the intelligence community and enterprise information technology markets through its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) government services segment,  CACI CEO Ken Asbury told investors Tuesday. Asbury also said in the call with analysts to discuss the deal that by CACI’s 2017 fiscal year, the …

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L-3 Agrees on $550M Gov’t Services Segment Sale to CACI

New York City-based defense contractor L-3 Communications (NYSE: LLL) has agreed to sell its government services business segment to Arlington, Virginia-headquartered public sector services company CACI International (NYSE: CACI) for $550 million cash, the companies said Tuesday. The companies expect the transaction to close by March 2016 pending regulatory approvals and CACI said in investor slides …

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