“British outsourcer Serco said on Tuesday it would buy consulting services provider Whitney, Bradley & Brown Inc (WBB) from an affiliate of H.I.G. Capital for $295 million to bolster its North American defence business.
The acquisition will strengthen the company’s capabilities in areas such as Artificial Intelligence, machine learning, data analytics and cyber consulting, Serco said.
“WBB takes our North American defence revenues to around $1.1 billion and gives us credible positions in other parts of the market...” Serco Group Chief Executive Rupert Soames said in a statement.
The acquisition of the Naval Systems Business Unit of Alion in 2019 had increased the size of Serco’s U.S. Navy business by…” Read the full article here.
Source: UK's Serco strengthens U.S. defence business with $295 million WBB purchase – February 16, 2021. Reuters.
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