SES Acquires DRS Global Enterprise Solutions (GES) for $450 Million
August 1, 2022
SES has signed a definitive agreement to acquire DRS Global Enterprise Solutions (GES), a US-based subsidiary of Leonardo DRS, for $450 million. Upon completion—targeted for the second half of 2022 pending regulatory approvals—GES will be combined with SES Government Solutions (SES GS) to expand and enhance satellite communications integration and advanced multi-orbit network solutions for US Government customers.
- Buyers
- SES, SES Government Solutions (SES GS)
- Targets
- DRS Global Enterprise Solutions (GES)
- Sellers
- Leonardo DRS
- Industry
- Telecommunications
- Location
- Virginia, United States
- Transaction Type
- Divestiture
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