Leidos Acquires 1901 Group

December 10, 2020

Leidos Holdings, Inc. agreed to acquire 1901 Group, a provider of managed IT services, cloud and cybersecurity solutions, to expand Leidos' digital modernization and cloud capabilities. The transaction is expected to close in Q1 2021 for a purchase price of $215 million funded with cash on hand.

Buyers
Leidos Holdings, Inc.
Targets
1901 Group
Industry
IT Services
Location
Virginia, United States
Transaction Type
Buyout

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