Serco Inc has completed its $327 million acquisition of Northrop Grumman’s mission training and satellite ground network communications software business after securing all regulatory approvals and meeting closing conditions.
The deal expands Serco’s North American footprint to over $2 billion in annual revenue and strengthens its U.S. defense and space portfolio. The acquisition adds capabilities in synthetic training, exercise simulation, and satellite ground communications software.
The acquired business brings in about $300 million in annual revenue. Nearly 1,000 professionals will join Serco, adding expertise in digital engineering, software development, training and mission simulation.
The company said the acquisition expands Serco’s live and virtual training capabilities for U.S. and international customers. It also supports the company’s growth in the global space sector, strengthening its presence in the UK, Australia and the Middle East.
“We are honored to welcome the Northrop Grumman MT&S team to Serco,” said Tom Watson, CEO of Serco Inc. “The integration of our existing and new capabilities in live and virtual training, and space markets, positions Serco to compete for larger and more complex projects. We have complete confidence that Serco is now further aligned to support the U.S. military’s mission to enhance warfighter readiness.”