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Versar, Inc. [VSR] on Wednesday said it has agreed to acquire the physical and network security integration business of Johnson Controls [JCI] for $20 million in a deal that adds new products, services and customers to Versar.The transaction is expected to close this month. Versar said the purchase price includes cash and contingent consideration.Johnson Controls is selling its Maryland-based Security Systems (JCSS) business, which services federal clients by designing, installing and supporting physical, network security, and facilities management systems.“The acquisition…
