Northrop Grumman to Acquire 3001 International
[Satellite Today 09-10-08] Northrop Grumman Corp. has signed a definitive merger agreement with 3001 International Inc. to acquire the company and expand its geospatial business, Northrop Grumman announced Sept. 10.
The company said that the transaction is expected to close in the fourth quarter of 2008. Though the financial terms of the agreement were not disclosed, Northrop Grumman said that 3001 will be part of its information technology sector and that completion of the transaction is subject to customary conditions and approval.
3001 is currently owned by its management and CM Equity Partners, a private equity investment firm, which makes investments in private middle-market companies that operate primarily in the federal services sector.