Acquisition

RNS Number : 7993N

BAE SYSTEMS PLC

31 July 2014

 



BAE Systems - Proposed acquisition of Signal Innovations Group

31 July 2014

BAE Systems announces it has entered into an agreement for the proposed bolt-on acquisition of Signal Innovations Group, Inc. (SIG), a provider of imaging technologies and analytics to the US intelligence and defence communities.

President of BAE Systems Inc. Intelligence and Security, DeEtte Gray said: "Combining SIG's technologies with our existing intelligence tools and analysis capabilities will enhance our customers' ability to analyse tactical and strategic intelligence from around the globe.  Together, we also have the potential to leverage our capabilities and bring this technology to a number of innovative commercial applications in an affordable way."

The proposed acquisition is conditional upon receiving certain regulatory approvals.  It is anticipated the proposed acquisition will be completed during the third quarter of 2014.

Issued by:

BAE Systems

London

 

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