Announced
Financials
Sources
Tags
Friendly
Pending
intelligence solutions
cybersecurity consulting
Domestic
IT Services: Other
Acquisition
United States
Single Bidder
Private
Majority
Synopsis
Parsons, a technology provider in the national security and critical infrastructure markets, agreed to acquire Xator, a data processing and educational & training services provider, for $400m. “The addition of Xator is a natural extension of our growth strategy, adding important solutions and technologies that advance global security and protect critical infrastructure during a time of increasing and evolving threats.This acquisition strengthens our position across our two complementary markets and continues our strategy of buying accretive, mission-focused companies aligned with global macroeconomic trends," Carey Smith, Parsons Chairman, President and CEO.
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