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Tag Archives: M&A Activity

General Dynamics To Buy Military, First Responder Broadband Firm IPWireless

General Dynamics (NYSE: GD) has agreed to acquire wireless broadband provider IPWireless Inc. in a cash transaction, General Dynamics announced Monday. The Falls Church, Va.-based defense contractor did not announce the value of the transaction and expects to complete the deal in the third quarter of 2012. IPWireless will be …

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DigitalGlobe Turns Down GeoEye $792M Takeover Bid; Jeffrey Tarr Comments

DigitalGlobe Inc. (NYSE: DGI) has turned down GeoEye Inc.’s (NASDAQ: GEOY) acquisition offer of approximately $792 million in cash and stock, or $17 per share. In a Sunday announcement, DigitalGlobe, a producer of earth imagery, said its board of directors felt GeoEye undervalued DigitalGlobe and its financial and operating performance. DigitalGlobe …

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IT Firm Unicom To Buy GTSI For $76M

Global information technology firm Unicom Systems Inc. will acquire GTSI Corp. (NASDAQ: GTSI) for approximately $76.67 million cash, or $7.75 per share. GTSI announced the per share value of the offer represents a 47.9 percent premium over GTSI’s Friday closing stock price of $5.24 and a 65.6 percent premium over …

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GeoEye Offers To Buy DigitalGlobe For $792M; Matt O’Connell Comments

GeoEye Inc. (NASDAQ: GEOY) has offered to acquire DigitalGlobe for approximately $792.7 million in cash and stock, or $17 per share. GeoEye CEO Matt O’Connell said in a Friday release that a combined company is better positioned to provide the government with geospatial intelligence and satellite imagery during an era …

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BAE To Sell Law Enforcement Armor Unit; Frank Pope Comments

BAE Systems has agreed to sell its law enforcement body armor unit, called Safariland,  to an acquisition vehicle affiliated with private investment firm Kanders & Company. In an announcement Tuesday, the company said it expects the sale to close in either the second or third quarter of its 2012 fiscal year. …

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DRS to Restructure, Relocate Corporate Functions; William Lynn Comments

DRS Technologies announced it is restructuring into three operations groups and will enter a proxy agreement with the Defense Security Service. DRS, a Finmeccanica subsidiary, said the agreement will allow DRS and its subsidiaries to compete for classified contracts and access classified information as a unified entity. DRS will also …

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Six3 Buys Geolocation, ISR Firm Ticom Geomatics; Robert Coleman Comments

Six3 Systems Inc. has acquired Austin, Texas-based geolocation firm Ticom Geomatics Inc. for an undisclosed amount, the company announced Tuesday. TGI provides systems and services for geolocation; intelligence, surveillance and reconnaissance missions; and signals intelligence to defense and intelligence customers. The acquisition complements Six3’s offerings in the ISR, signals intelligence …

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IBM Adding Navigation Software Firm Vivisimo to Big Data Portfolio

IBM (NYSE: IBM) has agreed to acquire Pittsburgh-based discovery navigation software provider Vivisimo for an undisclosed amount, the company announced Wednesday. Vivisimo has more than 140 customers in both the public and private sectors, including the U.S. Air Force, Navy Social Security Administration and the Defense Intelligence Agency. IBM will …

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Veritas to Buy Thomson Reuters Healthcare Business for $1.25B

Veritas Capital has agreed to acquire Thomas Reuters’ (NYSE: TRI) healthcare business for $1.25 billion cash, the companies announced Monday. The companies expect the transaction to close within the next few months. The acquisition aligns with Veritas’ goal of expanding its healthcare analytics offerings, said Chairman Robert McKeon. Mike Boswood, …

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GovConExec Spring Issue Expands on Big Data Opportunities, Mergers

GovConExec, published by GovCon Wire’s parent company Executive Mosaic, released the Spring 2012 issue, providing the latest news and government contracting executive views on healthcare, mobility, the current budget environment as well as on the new market buzz big data. GovConExec explores how big data is impacting the contracting community …

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