Announced
Completed
Financials
Tags
Completed
Majority
United States
engineering services
Defense
Cross Border
Public
Single Bidder
technical services
Private Equity
Acquisition
Friendly
Synopsis
Serco Group, a provider of public services, completed the acquisition of Whitney, Bradley & Brown, a provider of advisory, engineering and technical services, from HIG Capital, a private equity and alternative assets investment firm, for $295m. "Growing the scale, reach and capability of Serco in the largest defence market in the world is one of our strategic objectives, and the acquisition of WBB significantly advances that strategy. It creates a powerful platform for future growth and brings us impressive new capabilities in areas such as advanced data analytics, AI & machine learning and precision navigation and timing, along with a team of renowned subject matter experts covering a wide range of disciplines that can be deployed across our business," Rupert Soames, Serco Group CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.