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KBR To Acquire Wyle To Expand Government Services Business

Cal Biesecker By
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KBR To Acquire Wyle To Expand Government Services Business
Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

Oil and gas technology and services provider KBR, Inc. [KBR] on Monday said it has agreed to acquire government services provider Wyle, Inc. for $570 million in cash, in a deal that would more than double its government services business and help it diversify away from the cyclical hydrocarbon market.KBR said the acquisition is subject to regulatory approval in the Unite States but it expects the process to be straightforward and the deal to close in the third quarter.KBR, which…

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