Hogan Lovells Advises KBR, Inc. in its Acquisition of Government Services Provider Wyle Inc.
27 May 2016
NORTHERN VIRGINIA, 26 May 2016 – Hogan Lovells advised KBR, Inc., a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, in its $US600 million acquisition of Wyle Inc., a leading provider of specialized engineering and other services primarily to the U.S. government.
Together the two companies will provide full service capabilities for aerospace and defense programs, from research and development, test and evaluation, to operations, maintenance and field logistics.
The combination of KBR and Wyle will create the equivalent of a global two billion dollar government services organization.
The transaction price to KBR is US$570 million, after adjustments for approximately $30 million dollars of acquired tax benefits. The deal is expected to close in the third quarter of 2016.
The Hogan Lovells deal team advising KBR on the transaction was led by M&A partner Carine Stoick, with assistance from M&A partner Richard Horan and partners Michael Mason, Christine Lane, Scott Reisch, Stephen Propst, Cullen Taylor and Carin Carithers.
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