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GTEC Changes Name To Sotera Defense Solutions

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In conjunction with the closing of its acquisition of Global Defense Technology & Systems (GTEC) yesterday, the private equity firm Ares Management has changed the name of the company to Sotera Defense Solutions, Inc. Sotera is a term based on Greek mythology and represents the spirit of safety, preservation and deliverance from harm, the company said. Ares acquired GTEC for $315 million in cash, including the assumption of debt and transaction expenses.

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