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Tag Archives: M&A Activity

CGI Plans $2.7B Buy Of UK IT Firm Logica

CGI Group Inc. (NYSE: GIB) plans to acquire England-based information technology firm Logica for nearly $2.7 billion cash, the company announced Thursday. CGI intends to close the acquisition by September and expects the acquisition to increase its earnings per share by between 25 and 30 percent, excluding acquisition-related and integration …

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IBM Completes Buy Of Big Data Firm Vivisimo

IBM (NYSE: IBM) completed its purchase of discovery and navigation software provider Vivisimo for an undisclosed amount, IBM announced Tuesday. 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 said it …

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Private Equity Firm Buys VT Services; David Dacquino Comments

An affiliate of The Jordan Company, a New York City-based private equity firm, has acquired U.S. defense contractor VT Services Inc. The companies did not provide financial information regarding the transaction in their joint statement. David Dacquino, CEO at VT, said his company will continue to provide life-cycle support to …

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QinetiQ, Wyle, Kratos Form Army Weapon JV; George Prueitt Comments

QinetiQ North America, Wyle and Kratos Defense and Security Solutions (NASDAQ: KTOS) have formed a joint venture to pursue contracts with the Space and Missile Defense Command and the Army Forces Strategic Command, the Huntsville Times reports. The joint venture, QWK Integrated Solutions,  is a long-term engagement to develop warfighter solutions …

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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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