Adding to its expertise in supply chain and logistics management, Cubic Corp. [CUB] yesterday said that it has agreed to acquire the supply chain management consulting firm XIO Strategies, Inc., whose president will take over Cubic’s Global Tracking Solutions business.
Terms of the deal were not disclosed. XIO, a women-owned small business based in Northern Virginia, has seven employees.
Mary Ann Wagner, the founder, president and CEO of XIO, will lead Cubic’s Global Tracking Solutions business from its new headquarters in Vienna, Va., allowing it to better serve its DoD and commercial customers. The tracking solutions business is currently based in California.
Cubic wants to take advantage of Wagner’s expertise and customer relationships in the logistics management area.
“We are pleased to announce this acquisition and to appoint Mary Ann as the leader of this growing business,” Brad Feldmann, president of Cubic Defense Applications, said in a statement. “She has more than 25 years of experience in global logistics and supply chain management, strategic planning, policy development, and has held executive and sales management positions at Stanley Works and FedEx.”
XIO’s expertise is in supply chain management and automatic identification technology development. The company also consults in the area of professional communications. Customers include the Navy, Army and prime contractors.
Cubic formed its Tracking Solutions business last year following the acquisition of Impeva Labs to accelerate its entry into defense, homeland security and maritime logistics markets (Defense Daily, May 20, 2010). The company provides the DoD with global tracking technology.