M&A roundup

SAIC completes SM Consulting buy

Science Applications International Corp. has
completed its acquisition of SM Consulting
Inc., a provider of information technology and
linguistic services. Financial terms were not
disclosed.

SAIC announced its intention to buy the company
in March. SMC, of Linthicum, Md., will join
SAIC's Mission Integration Business Unit, which is
based in Reston, Va.

Italian firm to acquire DRS

DRS Technologies Inc. is being acquired for $5.2 billion
by Finmeccanica SpA, an Italian defense company
looking to expand into the U.S. market.

The Parsippany, N.J., company would be a wholly
owned subsidiary.

Finmeccanica has several U.S. subsidiaries,
most of which perform helicopter and aircraft work.

Trace builds IT base

Trace Systems LLC, a McLean, Va., systems integrator
and technical services company, bought TCP
Network Solutions Inc.

Financial terms were not disclosed. Acquisition
of the Eatontown, N.J., company brings Trace
Systems more capabilities in defense information
technology and communications.

Perot buys Original Solutions

Perot Systems Corp., of Plano, Texas, bought government
information technology services provider
Original Solutions Ltd., based in Ireland. Financial
terms were not disclosed.

Original Solutions' competencies include Web
applications and client/server development, enterprise
integration, systems re-engineering, and managing
IT services and infrastructure library processes,
Perot officials said.

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

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. 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.