CACI Acquires LTC Engineering Associates
- Acquisition Expands Software Engineering, Cybersecurity, Signals and Communications Intelligence, and Digital Signal Processing Capabilities
CACI International Inc (NYSE:CACI) announced today that it has acquired LTC Engineering Associates, Inc., a highly specialized provider of technical engineering solutions and services to the Intelligence and Department of Defense communities in the areas of software engineering, cybersecurity, signals intelligence (SIGINT) and communications intelligence (COMINT), and digital signals processing. The transaction expands CACI’s capabilities in its C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance), Intelligence, and Cyber market areas. Terms of the transaction were not disclosed.
Headquartered in Florida, LTC employs approximately 50 uniquely skilled and deeply experienced associates. The company’s calendar year 2014 revenue was $16 million. The acquisition is expected to be slightly accretive, given its relative size, to CACI’s earnings per share during its first 12 months.
The Global Military IT, Data and Computing Market 2016-2026
Dr. J.P. (Jack) London, CACI Chairman of the Board, noted, “CACI’s acquisition of LTC Engineering Associates, Inc. continues our highly successful mergers and acquisition program and is a key component of our strategic growth plan. This acquisition positions CACI with expanded capabilities to deliver innovative and in-demand solutions and services for our customers’ highest-priority national security and defense challenges. Our companies also share a strong commitment to integrity, ethics, and quality in everything we do. We welcome the talented associates at LTC to CACI.”
Ken Asbury, CACI President and Chief Executive Officer, said, “Both CACI and LTC are well positioned to support national intelligence and defense missions that require innovative solutions and services. The LTC transaction is a perfect follow-on and synergistic to our Six3 acquisition in November 2013, adding innovative and complementary security and communications capabilities to counter global threats and meet our nation’s evolving needs in national security. The capabilities of LTC, combined with CACI’s, will bring a unique set of harmonious solutions with significant value to our customers’ most critical missions, help drive our growth, and deliver value to our shareholders.”
Source : CACI International Inc. - view original press release