CACI Completes Strategic Acquisition of LGS Innovations
01 Marzo 2019 - 4:19PM
Business Wire
Expands Capabilities in Signals
Intelligence, Electronic Warfare, and Cyber Products and
Solutions
CACI International Inc (NYSE: CACI) announced today that it has
completed its transaction with affiliates of Madison Dearborn
Partners and CoVant Management to acquire LGS Innovations, a
leading provider of real-time spectrum management, C4ISR, and cyber
products and solutions to the Intelligence Community and Department
of Defense. The strategic acquisition complements CACI’s January
purchase of Mastodon Design and accelerates CACI’s growth in its
Intelligence Systems and Support, Space Operations and Resiliency,
Communications, and Cyber Security market areas.
The combined purchase price of LGS and Mastodon Design, which
closed January 28, 2019, is expected to be $975 million, or $835
million net of transaction-related tax benefits worth $140 million
on a net present value basis. We anticipate the two transactions
will be accretive to net income and earnings per share, excluding
$17 million of one-time pre-tax transaction costs, virtually all of
which will be recorded in CACI’s fiscal third quarter.
Dr. J.P. (Jack) London, CACI Executive Chairman and Chairman of
the Board, said, “We welcome the highly skilled and inventive LGS
Innovations employees to CACI’s own team of talented innovators. We
share a cultural commitment to integrity and ethics that will
further drive excellence for our customers and long-term value for
our shareholders.”
According to Ken Asbury, CACI President and Chief Executive
Officer, “CACI’s acquisition of LGS Innovations is the next step in
our established strategy to invest in and expand our offerings in
signals intelligence, electronic warfare, and cyber products and
solutions. Our collective strengths give CACI a significant
competitive advantage in our marketplace and meet our government’s
need for agile innovation in developing and deploying advanced
capabilities to our warfighters.”
CACI provides information solutions and services in support of
national security missions and government transformation for
Intelligence, Defense, and Federal Civilian customers. A Fortune
World’s Most Admired Company, CACI is a member of the Fortune 1000
Largest Companies, the Russell 2000 Index, and the S&P MidCap
400 Index. CACI’s sustained commitment to ethics and integrity
defines its corporate culture and drives its success. With
approximately 20,000 employees worldwide, CACI provides dynamic
career opportunities for military veterans and industry
professionals to support the nation’s most critical missions. Join
us! www.caci.com.
There are statements made herein which do not address historical
facts, and therefore could be interpreted to be forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such statements are subject to
factors that could cause actual results to differ materially from
anticipated results. The factors that could cause actual results to
differ materially from those anticipated include, but are not
limited to, the risk factors set forth in CACI’s Annual Report on
Form 10-K for the fiscal year ended June 30, 2018, and other such
filings that CACI makes with the Securities and Exchange Commission
from time to time. Any forward-looking statements should not be
unduly relied upon and only speak as of the date hereof.
CACI-Company News
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version on businesswire.com: https://www.businesswire.com/news/home/20190301005356/en/
Corporate Communications and Media:Jody Brown, Executive Vice
President, Public Relations(703) 841-7801, jbrown@caci.com
Investor Relations:Daniel Leckburg, Senior Vice President,
Investor Relations(703) 841-7666, dleckburg@caci.com
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