Although nontraditional buyers dominate acquisition activity in the federal sector, traditional buyers are by no means out of the acquisition business, says John Allen of BB&T Capital Markets Windsor Group.
Small businesses won a record $96.8 billion in federal prime contracts in fiscal 2009, an increase of more than $3 billion from 2008, according to the Small Business Administration.
After Dell on Thursday increased its offer to $27 a share, Hewlett-Packard Co. has again upped the ante, agreeing to pay $30 a share, or $2 billion, for the Freemont, Calif., company.
Dell announced today that it has raised its bid to buy 3Par to $24.30 a share, or slightly more than the $1.6 billion that Hewlett-Packard Co. offered earlier this week to counter Dell’s initial offer of $18 a share, or $1.2 billion.
On Aug. 16, Dell announced an agreement to acquire 3PAR Inc. in a $1.15 billion deal. A week later, HP says it has submitted a proposal to buy 3PAR for $1.6 billion.
You don’t want to be lost in the crowd. Mark Amtower writes that the point of becoming a government contractor is to stand out, and win some business as a result.
Health information technology and services provider Ingenix Inc. announced this week that it is buying health information exchange services provider Axolotl Corp.
CGI Group has effectively acquired Stanley Inc., having completed its cash tender offer for all outstanding shares of the government contractor based in Arlington, Va. Stanley will become a wholly owned subsidiary of CGI Federal.
Science Applications International Corp. has completed its acquisition of Reveal Imaging Technologies Inc., a provider of threat detection products and services. Financial terms were not reported.
L-3 Communications Corp. has acquired Airborne Technologies Inc., which specializes in aeronautical engineering services for unmanned aircraft systems. Terms of the transaction were not disclosed.
Wyle Inc. has entered into a definitive agreement to acquire CAS Inc., a division of ITT Corp., creating a combined entity that will have pro forma 2009 revenues of approximately $1 billion.
Boeing Co. has completed its $775 million acquisition of Argon ST Inc., a Fairfax, Va., developer of Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance systems as well as combat systems.
