Mergers & acquisitions
L-3 goes on weapons IT shopping spree
New York-based L-3 Communications Inc. in the past month has closed its all-cash, $49 million purchase of EOTech Inc. of Ann Arbor, Mich., and acquired Applied Signal and Image Technology Inc. of Linthicum, Md. Terms of the latter deal were not disclosed.
EOTech, renamed L-3 Communications EOTech Inc., designs, makes and markets electro-optical products and systems that use advanced laser and holographic technology to enhance optical systems in various weapons platforms.
ASIT, renamed L-3 ASIT, makes advanced weapons sights, and designs, develops and integrates tactical communications intelligence, measurement and signature, and electronic attack systems for both ground and airborne installations, including fixed-wing aircraft, rotary aircraft and unmanned aerial vehicles.ITS buys federal services unit
California IT and engineering company ITS Corp., Oxnard, Calif., acquired the Arlington, Va., federal sector support services business of Noesis Inc. Terms of the deal were undisclosed.
The privately owned Noesis of Manassas, Va., specializes in systems engineering, information science and technical program management services for the federal government. The acquisition is part of ITS' strategy to broaden its capabilities and federal, intelligence and homeland security client bases.DataLogic buys network design, consulting firm
Communications provider DataLogic International Inc. acquired network design and consulting company BluBat Inc., Solano Beach, Calif. Terms of the deal were not disclosed.
The acquisition will strengthen Irvine, Calif.-based DataLogic's core offerings in communications solutions, add new customers and help it meet market demands, company officials said.
BluBat's expertise ranges from network, systems and software engineering to security and project management.Viisage to buy Integrated Biometric Technology
Viisage Inc. is acquiring fingerprint technology developer Integrated Biometric Technology Inc., Nashville, Tenn., in a $60 million, five million-share cash and stock deal.
The acquisition is the first for Billerica, Mass.-based Viisage since L-1 Investment Partners LLC, Stamford, Conn., announced that it would be investing in the company.
L-1 will acquire 60 percent of IBT for $35 million and plans to acquire by February 40 percent for $25 million.