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SAIC completed the acquisition of the US federal business of Unisys for $1.2bn.

Synopsis

Science Applications International, an American company headquartered in Reston, Virginia that provides government services and information technology support, completed the acquisition of the US federal business of Unisys, an American global information technology company, for $1.2bn. The acquired unit is a provider of infrastructure modernization, cloud migration, managed services, and enterprise IT-as-a-service through scalable and repeatable solutions to US federal civilian agencies and the Department of Defense. "With the addition of Unisys Federal, SAIC will be a leading provider of digital transformation services and solutions to the federal government. This exciting opportunity advances our strategy by building on our modernization capabilities, increasing customer access, accelerating growth and enhancing shareholder value. The financial benefits of acquiring Unisys Federal are compelling, including accretion of adjusted EBITDA margins, non-GAAP earnings per share, and cash generation," Nazzic Keene, SAIC CEO.

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