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Tag Archives: M&A Activity

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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Maximus to Buy Denver-Based Policy Studies for $67M Cash

Maximus has agreed to acquire Denver-based government health and human services provider Policy Studies for $67 million cash, the company announced Thursday. The Reston, Va.-based firm said it expects the transaction to close on April 30 and to slightly increase its earnings per share for the rest of fiscal year 2012. …

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L-3 to Buy Thales Civil Aircraft Simulation Unit for $132M; Michael Strianese Comments

L-3 Communications has agreed to acquire Thales Training & Simulation Ltd’s civil aircraft simulation and training business for an estimated $132 million cash. L-3 expects the transaction to close in the summer of 2012 and expects it to immediately increase its earnings per share. The company also expects civil aircraft training …

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Exclusive: Brad Antle Says ATSC Bid Keyed on Future Bids, Civilian Connections

Salient Federal Solutions’ acquisition of ATS Corp. provides Salient valuable access to the civilian side of the federal market, CEO Brad Antle told GovCon Wire Friday, a longtime goal of the Fairfax, Va.-based information technology contractor. The acquisition puts Salient’s revenues at roughly $250 million and while sequestration and budget limitations pose …

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