Jacobs has announced that it has entered into a definitive agreement which will see it acquire KeyW Holding Corp for $11.25 per share in cash. The transaction value of the deal is approximately valued at $815 million.
Jacobs provides a range of professional services which includes scientific, technical, professional, construction, and program management. Last year, the company had raked in $15 billion in revenue. It has become more and more interested in the cybersecurity space for the last three years considering this is the third cybersecurity acquisition by Jacobs.
KeyW is a leader in intelligence, cybersecurity, and analytics. The company was established in 2008 and is headquartered in Hanover, Maryland. The company has good cybersecurity credits and makes significant contributions to the country’s cybersecurity scenario. Bill Weber, KeyW CEO and President, commenting on the acquisition said: “This transaction will propel KeyW’s capabilities further and create new opportunities for research and development our customers need to enhance their national security and intelligence capabilities.”
In response, Jacob’s CEO said: “Jacobs’ global reach and proven track record executing large complex enterprise contracts provide a powerful platform to unleash KeyW’s complementary rapid technology development.”
The closing of the transaction, although subject to KeyW shareholders and approvals, is expected to be completed by end of 2019.