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RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC), a premier technology integrator, has entered into a definitive agreement to acquire Unisys Federal, in an all-cash transaction valued at $1.2 billion, in a highly strategic and value creating transaction.

Unisys Federal, an operating unit of Unisys (NYSE: UIS), is a leading provider of infrastructure modernization, cloud migration, managed services, and enterprise IT-as-a-service through scalable and repeatable solutions to U.S. federal civilian agencies and the Department of Defense.

 

“With the addition of Unisys Federal, SAIC will be a leading provider of digitial transformation services and solutions to the federal government. This exciting opportunity advances our strategy by building on our modernization capabilities, increasing customer access, accelerating growth and enhancing shareholder value,” said SAIC CEO Nazzic Keene. “The financial benefits of acquiring Unisys Federal are compelling, including accretion of adjusted EBITDA margins, non-GAAP earnings per share, and cash generation.”

To read the full press release published on February 6, 2020, click here.

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