Today, ManTech International Corporation announced it has signed a definitive agreement to acquire Worldwide Information Network Systems, Inc. (WINS) for $90 million.
WINS is a leading IT solutions provider and is a privately held company providing support to the Department of Defense and other agencies. WINS will now be a part of ManTech’s Mission, Cyber and Technology Solutions group, led by L. William Varner.
ManTech’s Chairman and CEO George J. Pedersen said, “The addition of WINS’ IT capabilities, prime position on the DIA SITE and other contracts will enhance our positioning with important customers and further our growth prospects.”
President and CEO of WINS Ulysese Jefferson said, “WINS
‘ unique and innovative IT capabilities will bolster ManTech’s significant industry expertise, thus allowing WINS to provide enhanced capability and services to our existing customers. Our core customers need robust IT solutions to overcome tough, complex network challenges. Alongside ManTech, customers will be able to accomplish their missions with more comprehensive offerings of IT solutions.”
The acquisition is subject to various conditions and approvals and is expected to be completed in November 2011. ManTech expects this acquisition to be accretive to its earnings per share in 2012.