Branson Brooks
CACI International has entered into a definitive agreement to acquire Azure Summit Technology to continue the company’s efforts to produce technology tailored to national security.
Through a cash transaction for $1.275 billion, Azure Summit will look to leverage its portfolio of radio frequency services and electromagnetic spectrum-focused engineering throughout the Department of Defense, the Reston, Virginia-based company announced Monday.
John Mengucci, CACI president and CEO, said, “Azure Summit’s core capabilities and technology bolster CACI’s market-based strategy by expanding our offerings in intelligence, surveillance and reconnaissance, electronic warfare, and signals intelligence across multiple domains, platforms and customer sets.”
“In an environment of escalating global threats, the employees of both CACI and Azure Summit are culturally aligned and driven to support the most critical, sophisticated missions of our nation and our allies,” Mengucci, the 2024 Wash100 awardee added.
Thomas Green, president and CEO of Azure Summit, said he looks forward to the wide range of opportunities CACI holds for Azure Summit’s employees.
“The alignment between our cultures, technology and engineering heritage will drive continued innovation and growth under CACI leadership in the future. More importantly, our mission-focused customers will share the benefits from the combined business almost immediately,” Green stated.
The transaction will undergo regulatory approvals and customary closing conditions and is expected to conclude in the fiscal year of 2025.
