M&A Activity

Advanced Technology International has purchased TechConnect, a global innovation scouting and vetting organization, in a move to help government clients connect to more research and development companies. TechConnect works to identify emerging technologies for agencies, investors and vendors through sprints, challenges and other innovation-focused events, ATI said Tuesday. Through the acquisition, ATI-managed consortia will have […] More

Systems Planning and Analysis has purchased government advisory and assistance services provider Arena Technologies for an undisclosed sum. SPA said Wednesday its acquisition of the Chantilly, Virginia-based business and technology consulting firm is the first of many investments it plans to make to expand its position in the technical advisory market. William Vantine, president and […] More

Honeywell‘s quantum solutions business and Cambridge Quantum have merged into Quantinuum, after receiving regulatory approval to execute the business combination. Quantinuum will offer quantum software, hardware and research and development as a full-stack quantum computing company, Honeywell said Tuesday. The combined company will also provide customers with quantum-based applications for cybersecurity, encryption, material science, drug […] More

GigCapital4 has entered into a $75 million backstop agreement with AE Industrial Partners to support its pending business combination with BigBear.ai. Under the agreement, an affiliate of AE Industrial Partners will purchase up to 7.5 million shares of GigCapital4 stock at $10 per share, BigBear.ai and GigCapital4 said Tuesday. Additionally, BigBear.ai’s rollover equity has been adjusted to […] More

A C-level executive at Planet Labs said the San Francisco-based company expects to raise $600 million from its upcoming public offering and plans to use the capital to expand data offerings, close more acquisitions and engage additional customers, The Wall Street Journal reported Monday. Ashley Johnson, chief financial officer at Planet Labs, shared that the […] More

Communications & Power Industries, a Palo Alto, California-based electronic component manufacturer, has completed its acquisition of L3Harris Technologies’ ESSCO business. As part of the acquisition, ESSCO, a manufacturer of metal space frame ground radomes for government and defense customers, will join the existing radome business, CPI Radant Technologies Division, the company said Monday. Andy Ivers, president and […] More

BlueHalo, a portfolio company of Arlington Capital Partners, has bought software and technology developer Asymmetrik in an effort to expand its cyber and signal intelligence franchise and offer open-source intelligence technologies to intelligence community customers. Asymmetrik brings experience in developing artificial intelligence/machine learning applications and other technologies for blockchain analytics, cryptocurrency, cybersecurity, federated search and […] More