SAIC closes acquisition of Unisys Federal for $1.2bn

17 March 2020 (Last Updated March 17th, 2020 16:14)

Science Applications International Corporation (SAIC) has completed the purchase of Unisys Federal in a cash deal valued at $1.2bn.

Science Applications International Corporation (SAIC) has completed the purchase of Unisys Federal in a cash deal valued at $1.2bn.

The completion follows the original deal announcement made on 6 February.

The ‘accretive, strategic and value-creating transaction’ has led to the creation of ‘a leading digital transformation provider to the US Government’.

Around 2,000 new employees have been welcomed to the SAIC workforce following the completion of the Unisys acquisition.

SAIC CEO Nazzic Keene said: “This is an exciting time for our company as we continue on our transformative journey to become the leading IT modernisation provider to the US Government. We are thrilled to welcome approximately 2,000 new colleagues to SAIC.

“As one organisation, we will make a profound difference for our customers through digital transformation. Our people represent some of the brightest minds in our industry, focused on innovation and excellence, delivering high-demand technology-driven solutions to customers.”

Unisys Federal provides the US federal civilian agencies and the US Department of Defense with scalable and repeatable solutions related to infrastructure modernisation, Cloud migration, managed services and IT-as-a-service.

The deal will also provide SAIC with increased access to current and new customers.

In January 2019, SAIC acquired US Government services contractor Engility Holdings for $2.5bn.

Keene added: “With compelling financial benefits, including higher growth and profitability profiles, Unisys Federal brings new customers and differentiated solutions in areas of increasing marketing demand.

“Following our acquisition of Engility and now Unisys Federal, we are well-positioned to take the lead in two of the fastest-growing segments in government, space and IT modernisation.”