ACG National Capital
The National Capital region is a hotbed of deal activity. To keep track of all of the region’s deals and highlight some of the most exciting mergers, acquisitions, contract wins and funding announcements, Corporate Growth, Capital Style is proud to introduce the GCGS Dealbook.
Every other week, the CGCS Dealbook will profile the largest deals and acquisitions, highlight the biggest contract wins and callout some of the deal teams and executives that are making this region the business capital of the United States.
Since the beginning of October, we have already seen several exciting acquisitions that may be of interest to our community of dealmakers and corporate growth leaders. Let’s take a look:
Dedrone acquires Battelle’s UAS business
D.C.-based Dedrone, a maker of airspace security technology that offers means to detect, classify, and protect against unwanted unmanned aerial systems (UAS), acquired the intellectual property rights for Battelle’s DroneDefender system, which is a directed-energy, non-kinetic, small UAS (sUAS) countermeasure.
Adding this technology to their existing portfolio of technologies that protect against UAS threats, Dedrone has established Dedrone Defense, which will be based in Sterling, VA.
This new Dedrone subsidiary will function as a counter-sUAS consultancy to U.S. federal departments and agencies, which, according to a recent Booz Allen Hamilton thought piece, represents a new and dynamic challenge that the military needs to figure out how to neutralize, and the man portable DroneDefender system could be an interesting component of such a solution.
Read more here.
QinetiQ acquires Lorton-based MTEQ
Doubling the size of its U.S-based operations, QinetiQ announced that it has agreed to acquire Lorton, VA-based MTEQ for $105 million to be paid in cash on deal completion, with an earn-out of up to $20 million in cash and shares based on targets out to three years.
MTEQ brings its advanced sensor solutions and strong relationship with the U.S. Army to the deal, which QinetiQ will pair with its extant manufacturing capabilities and AI and robotics technologies.
Significantly, this deal comes at a time when the Army Futures Command has been investing heavily in new technologies that deliver more and better information to the warfighter, including remarkable advancements in leveraging sensor technology. Read more here.
Elastic buys Endgame
In the shadow of the recent Capital One breach and following a number of high-profile ransomware attacks to healthcare and government organizations, cyberthreats are a top concern among companies. With cybersecurity top of mind, security solution providers are racing to build up their solution portfolios and add exciting new security solutions to their offerings in an attempt to make them more complete and user-friendly.
Elastic, which produces security analytics solutions, has completed its acquisition of Arlington-based Endgame, which specializes in endpoint security. The total purchase price was $234 million.
According to Shay Banon, Elastic’s CEO, the combined capabilities of the two firms will allow comprehensive threat hunting all the way to the client’s laptops and smartphones.
Read more here.
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