Tag Archives: M&A Activity

FTC Approves Dell’s $67B EMC Purchase

The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC). FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday. “Our teams are …

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IBM Watson Health Plans $2.6B Buy of Truven Health Analytics

IBM (NYSE: IBM) plans to buy cloud-based health data and analytic tools provider Truven Health Analytics from Veritas Capital for $2.6 billion in a bid to further expand its Watson Health business unit’s platforms for value-based care. IBM said Thursday it plans to integrate Truven’s cloud-based platforms and health claims data …

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Honeywell Closes Buy of Space Hardware Maker Com Dev; Tim Mahoney Comments

Honeywell (NYSE: HON) has completed its purchase of spacecraft and satellite equipment producer Com Dev International through an approximately $345 million transaction. Tim Mahoney, president of Honewell’s aerospace segment, said Thursday the acquisition is part of a push to bolster the company’s satellite connectivity efforts and grow its satellite technology offerings for …

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Arlington Capital Partners Strikes Potential $45M Deal for iRobot Defense Segment

Washington-based private equity firm Arlington Capital Partners has agreed to purchase the defense and security business segment of robotics technology maker iRobot (Nasdaq: IRBT) for up to $45 million as the latter company continues on its realignment toward the consumer market. Bedford, Mass.-based iRobot said Thursday both companies expect to …

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SOS International Purchases IC Contractor New World Solutions; Julian Setian Comments

SOS International has purchased defense and intelligence community contractor New World Solutions in an effort to expand its footprint within IC and boost its technology platforms that work to support intelligence, surveillance, reconnaissance and cybersecurity missions. SOSi said Friday it will operate New World Solutions as a subsidiary and within its intelligence …

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Military Vet Recruiter Orion Buys Novotus; Mike Starich Comments

Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as president and aims …

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Denis Cashman Appointed EMC CFO; Zane Rowe Named CFO at VMware

Denis Cashman, chief accounting officer at EMC (NYSE: EMC) and chief financial officer of the firm’s information infrastructure business, has been appointed corporate CFO at the company. Cashman, a 28-year finance veteran at EMC, will succeed the departing CFO Zane Rowe on March 1 and will oversee all financial operations …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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Rockwell Collins Inks Deal to Purchase Christie’s Matrix Projector Line

Rockwell Collins (NYSE: COL) has agreed to buy Christie Digital Systems’ Matrix series of projectors for an undisclosed sum in an effort to complement its training projectors and simulation offerings to aviation and military clients. The deal covers Christie’s Matrix SIM and Matrix StIM projectors and other software tools and is …

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PwC Buys Praxism to Grow Cyber Services Portfolio

PwC has acquired Scotland-based consulting firm Praxism for an undisclosed sum as the companies seek to help organizations secure data through identity and access management strategies. Colin Slater, digital and cyber partner at PwC’s Scottish arm, said in a statement published  Monday the acquisition is part of a push to expand the company’s presence …

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