US engineering firm Alion’s naval systems unit will be sold for $225m to British firm Serco, in a deal set to close in the second half of the year.
The announcement of the acquisition prompted Serco’s shares to rise 9% – image courtesy of Depositphotos. The defence division of Serco Group plc provides shipboard, shore and systems installation and upgrade services to the US Navy. Serco will buy Alion’s Naval Systems Business Unit (NSBU) for $225m. NSBU is a supplier of naval…
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