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SAIC Acquiring Unisys Federal To Better Position For Government IT Modernization

Cal Biesecker By
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SAIC Acquiring Unisys Federal To Better Position For Government IT Modernization
SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday said it has agreed to acquire the federal division of Unisys [UIS] for $1.2 billion in cash in a deal that strengthens commercial approaches to serving federal clients and adds a business with strong organic growth. SAIC said the deal, which is expected to close during the first quarter of its fiscal year will be accretive to adjusted earnings and free cash flow, and expands its footprint with existing customers while adding new…

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