KBR Inc. announced that it has completed its acquisition of Wyle Inc. for an enterprise value of $570 million (after adjustments for approximately $30 million of acquired tax benefits). Wyle will be rebranded KBRwyle and become a business unit withing KBR's Government Services segment. The acquisition will expan KBR's government services offerings to include R&D, testing, engineering, logistics, deployed operations, and life-cycle sustainment. The combined company has approximately 25,800 employees and $2 billion in government services revenue. KBR expects the deal to be accretive to EPS in the first year.
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: