TechTeam to buy NewVectors

TechTeam Government Solutions Inc. is trying to broaden its offerings with its planned acquisition of NewVectors LLC.

NewVectors specializes in business transformation logistics modernization and modeling and simulation services. TechTeam's strengths are in information technology services.

The two companies have reached an agreement under which TechTeam will acquire NewVectors for $40.7 million. NewVectors, based in Ann Arbor, Mich., is a subsidiary of the Altarum Institute.

NewVectors, whose main customer is the Defense Department, has more than 150 employees. TechTeam plans to make NewVectors a distinct division, and predicts that the combined company will have annual revenues of about $83 million.

"We consider this acquisition to be a highly strategic transaction for both TechTeam Government Solutions and NewVectors," said Dennis Kelly Jr., TechTeam's president. "We believe that NewVectors' capabilities in business transformation and logistics perfectly complement our skill sets, and we expect to be able to cross-market and leverage our respective capabilities and customers to deliver strong future growth."

About the Author

Technology journalist Michael Hardy is a former FCW editor.

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


  • 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. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.