Datastream: Mergers and acquisitions roundup

BAE completes UDI acquisition


BAE Systems North America Inc.,

Rockville

,
Md.


, finished its $4.2 billion acquisition of United Defense Industries Inc. of

Arlington

,
Va.





BAE Systems is combining its land systems activities in the


United Kingdom


,

Sweden


and

South Africa


with UDI to form a new BAE Systems land and armaments operating group. The
group will produce integrated battlefield systems, military vehicles, artillery,
naval guns, missile launchers and precision munitions.





DRS buys Walkabout Computers


DRS Technologies Inc. acquired WalkAbout Computers Inc.,

West Palm Beach

,
Fla.


The value of the all-cash deal was not disclosed.


WalkAbout, which makes rugged tablet PCs and walking
stations for use in harsh environments by the military and other sectors, is
expected to generate between $20 million to $25 million in annual revenue in its
first 12 months of operation under DRS ownership.





Microsoft providers merge operations


Planet Technologies Inc. and eQuest Technologies Inc. have
merged, with the new company to be called Planet Technologies.


Financial details of the merger were not disclosed, but the
new company has about $11 million in annual revenue and 90 employees focused on
government and commercial customers.


Both companies are in

Germantown

,
Md.


, and specialize in Microsoft deployments for government. In 1999, the two
developed a strategic partnership to facilitate business development and
knowledge sharing.


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!