Anteon to acquire services firm
- By Margret Johnston
- Mar 07, 1999
Anteon Corp. today announced plans to buy Analysis&Technology Inc., an engineering and information technology services company that provides systems engineering and IT services.
Anteon, based in Fairfax, Va., will pay $104 million in cash, or $26 per share, for about 4 million outstanding shares, said Joseph M. Kampf, president and CEO of Anteon. Kampf said about 75 percent of Analysis&Technology's business is with the federal government, including work that supports the Defense Department's command, control, communications, computers and intelligence program.
Based in North Stonington, Connecticut, Analysis&Technology, a 20-year-old company with estimated revenues of $170 million in the fiscal year ending March 31, is the third company Anteon has bought within the past 18 months.
The acquisition will make Anteon a $500 million company with more than 4,000 employees, Kampf said. The deal, which must be approved by at least two-thirds of Analysis&Technology's shareholders, is expected to close by June 30.