- Booz Allen Hamilton (NYSE:BAH) announces that it acquired digital services firm eGov Holdings, Inc. for $250M.
- Also known as Aquilent, eGov is the digital and cloud architect of .gov solutions for the federal government.
- The company say the transaction will bolster Booz Allen’s growing technology capabilities and talent base.
- After closing of the transaction, eGov Holdings will be a wholly-owned subsidiary of Booz Allen Hamilton Inc.
- The transaction is expected to close by December 31.
- For the remainder of FY17, the transaction is expected to add approximately $30M to $35M of revenue. It is also expected to be accretive to Booz Allen earnings and to add to operating margin in fiscal year 2018.
- Source: Press Release