Industry Week in Review – September 20, 2019
KippsDeSanto & Co. Industry Week in Review – September 20, 2019
Industry Week in Review – September 20, 2019
Transactions
Advanced Core Concepts, LLC, a portfolio company of Battle Investment Group, has agreed to acquire Universal Technology Corporation, a provider of electromagnetic spectrum management solutions, automation technology, software engineering, and data analytics to the national security community. Terms of the transaction were not disclosed.
ANSYS, Inc., has acquired Livermore Software Technology Corporation, a provider of explicit dynamics and other advanced finite element analysis technology. Terms of the transaction were not disclosed.
CAMP Systems International, Inc., a subsidiary of Hearst Communications, Inc., has agreed to acquire Inventory Locator Service, LLC., a subsidiary of The Boeing Co., and provider of the largest electronic marketplace for the aviation industry to buy and sell parts, equipment, and services. Inventory Locator Service also offers manufacturers and parts suppliers ways to improve inventory planning and processing. Terms of the transaction were not disclosed.
Enlightenment Capital has made a strategic investment in Expression Networks, LLC, a provider of software engineering and data analytics supporting mission planning in the national security community. The investment was made through Enlightenment Capital’s SBIC Fund, L.P., which closed in May after securing $72.3 million in commitments.
iDirect Government, LLC, a subsidiary of ST Engineering, has acquired Glowlink Communications Technology, Inc., a provider of solutions that mitigate satellite interferences and improve the quality of satellite communications. The deal is valued at an estimated $20 million.
