Acquisition

RNS Number : 3028B

BAE SYSTEMS PLC

15 February 2011

 



BAE Systems completes acquisition of L-1 Intelligence Services Group

15 Feb 2011

Further to the announcement of 20 September 2010, BAE Systems has completed the acquisition of L-1 Identity Solutions, Inc.'s Intelligence Services Group (ISG) for a total purchase price of approximately $297 million in cash. 

ISG is comprised of SpecTal, LLC, Advanced Concepts, Inc., and McClendon, LLC.  The ISG operations will become an integral, complementary part of BAE Systems' growing Intelligence & Security sector.

Issued by:
BAE Systems plc
London

 

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