TRW, Network Six to merge
- By Dibya Sarkar
- Jun 11, 2001
Cleveland-based TRW Inc., a global technology, manufacturing and services
company, has signed a merger agreement with Network Six Inc., an information
technology company specializing in human services. The deal will expand
TRW's state and local government business in the New England region.
The deal, valued at $5.3 million, still must be approved by Network
Six shareholders and is expected to close by the end of the year.
TRW, which supplies automotive, aerospace and IT products to the public
and private sectors, also provides IT systems for human services in more
than 23 states. Such services include government programs for public assistance,
employment, public health, child care, welfare and child support enforcement.
The company also provides health care information systems as well as
integrated public safety communication and transportation centers for state
and local governments.
By acquiring Warwick, R.I.-based Network Six, TRW would have contracts
with state and local governments in the New England area, including maintaining
child support and welfare systems in Rhode Island and a child welfare system
Network Six, incorporated in 1976 as National E-F-T Inc., had revenues
of $11 million last year. TRW, which was founded a century ago, had year-end
sales of $17.2 billion.