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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