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New Deal


Announced

Completed

Sigma completed the acquisition of SOLUTE.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

United States

Acquisition

Majority

Completed

Friendly

Private

engineering services

Security Equipment

Single Bidder

Synopsis

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Sigma, a provider of airborne intelligence, surveillance, and reconnaissance sensor data transport engineering and services, completed the acquisition of SOLUTE, a technology and engineering firm that specializes in system modernization with a focus on software engineering, cyber security and cloud architectures. Financial terms were not disclosed. "The acquisition of SOLUTE furthers Sigma Defense's strategy of delivering a comprehensive suite of products for the JADC2 construct. It is another step in helping our DoD customers modernize programs by leveraging open-source platform as a service concept to deliver mission critical software enablement for command and control (C2), autonomy and communications. I am extremely excited by the immediate value we will be able to deliver to our customers and how that will continue to grow over time. Our nation's ability to retain our advantage is underpinned by collaboration and speed to delivery, and we are ready to help," Matt Jones, Sigma Defense CEO.

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