ManTech Acquires TranTech Inc.
mars 1, 2011 Laisser un commentaire
Acquisition adds additional information technology, networking and cyber capabilities
09:01 GMT, February 15, 2011 FAIRFAX, Va. | ManTech International Corporation, a leading provider of innovative technologies and solutions for mission-critical national security programs, today announced the company has acquired TranTech Inc., an Alexandria, Va.-based provider of information technology, networking and cyber security services to the federal government. Terms of the acquisition were not disclosed.
The acquisition will enable ManTech to deliver technology services through TranTech’s prime position on the Defense Information Systems Agency (DISA) ENCORE II contract, an indefinite delivery/indefinite quantity contract vehicle with a $12 billion ceiling and performance period through 2018. TranTech will be integrated into ManTech’s Technical Services Group (TSG), led by Louis M. Addeo, TSG group president and chief operating officer.
« ManTech has a consistent strategy of acquiring companies that drive our organic growth and help us provide additional services to our defense and intelligence customers, » said ManTech Chairman and Chief Executive Officer George J. Pedersen. « We believe that the acquisition of TranTech’s employees and capabilities and the ability to deliver services through the ENCORE II vehicle are consistent with that strategy. »
« As DISA and the U.S. Cyber Command seek to protect and secure defense networks and information, we see a substantial pipeline of opportunities to provide a full range of innovative information technology, networking and cyber solutions through the ENCORE II vehicle and other contracts, » Addeo said.
TranTech President and CEO TiTi McNeill added, « TranTech and ManTech are a strong fit in terms of culture and capabilities. Our employees are pleased to join the ManTech family and will benefit from the expanded professional development opportunities a company of ManTech’s size can offer. »
ManTech expects the acquisition will contribute solid growth and operating margins and be accretive to its earnings per share in 2011. The company will provide further discussion of the TranTech Inc. transaction during its fourth quarter earnings conference call, which is scheduled for Feb. 23 at 5 p.m. Eastern.