Serco, a global services company based in Hart, England, is set to acquire Northrop Grumman’s mission training and satellite ground network communications software business. The $327 million cash deal is expected to be completed by mid-2025, subject to regulatory approvals, according to the company’s announcement on Thursday. Mark Irwin, group chief executive at Serco, said...
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Category: M&A Activity
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Airbus Beefs Up Cybersecurity Business With infodas Acquisition
Airbus Defence and Space has announced plans to purchase German cybersecurity company Infodas to boost its cybersecurity services in the European and global markets. The rapid rise in cyberthreats coupled with increased digitalization and connectivity have made cybersecurity pivotal to the company’s future growth, the company said. In a separate statement, the shareholders of Cologne-based...
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Rheinmetall Expands Portfolio to Autonomous Light Hybrid Vehicles With Dutch Startup Acquisition
German automotive and arms manufacturer Rheinmetall announced that its Dutch subsidiary, Rheinmetall Defence Nederland, has acquired the startup REEQ, a manufacturer of lightweight tactical vehicles, for an undisclosed amount. The acquisition expands the Rheinmetall Vehicle System Division’s portfolio to hybrid technology, with the REEQ military vehicles’ fully electric drive train drawing power from a mobile...
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Accenture Seals Deal for Acquisition of New Zealand’s Solnet
Global professional services company Accenture has completed its acquisition of Solnet, a New Zealand IT services provider. The Accenture press release on the latest acquisition did not disclose the terms of the acquisition but noted that it adds over 100 cloud technology professionals to Accenture New Zealand, which maintains offices in Auckland and Wellington. Solnet,...
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Thales Shifts Expansion to Overdrive as It Seeks More Acquisitions After Three Buyouts
Thales remains open to pour capital on additional mergers and acquisitions after three new acquisitions worth about $4.3 billion, the French defense electronics group’s Chairman and CEO Patrice Caine told the Financial Times. The recent buyouts include the purchase of U.S. cybersecurity group Imperva for $ 3.6 billion in July, the largest since the 2017...