KBR acquires technology solutions provider Centauri for $800m

6 October 2020 (Last Updated October 6th, 2020 13:05)

KBR has completed its previously announced acquisition of Centauri, a US-based company that provides high-end engineering, intelligence, cybersecurity and advanced technology solutions.

KBR has completed its previously announced acquisition of Centauri, a US-based company that provides high-end engineering, intelligence, cybersecurity and advanced technology solutions.

The acquisition closed nearly two months after the company signed a definitive agreement with Arlington Capital Partners to acquire Centauri for nearly $800m in cash.

The deal is expected to help KBR in expanding its military space and intelligence businesses.

Following the completion, KBR president and CEO said: “We are excited to welcome Centauri into the One KBR family as their people-focused, mission-oriented ideals align well with our own company culture.

“Centauri adds an enormous benefit to KBR, as a result of its highly technical, differentiated portfolio, creating opportunities for substantial growth and putting KBR at the forefront of the government solutions sector.”

Centauri was headquartered in Chantilly, Virginia, US, and had 22 offices across the country.

It focused on providing high-end engineering and development solutions for critical missions involving space, intelligence, cyber and emerging technologies.

The company had a substantial presence in the US Department of Defense (DoD) and intelligence community programmes.

The acquisition is aligned with KBR’s aim to become a leading provider of high-end, mission-critical technical services and solutions. It will help in diversifying the combined firm’s offerings in mission support services for defence and intelligence customers.

At the time of the announcement, KBR said that it will fund the transaction with a combination of cash in hand and debt.

KBR delivers differentiated professional services and solutions across the asset and programme lifecycle. It employs around 28,000 people with operations in 40 countries.