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Amentum to accelerate growth with DynCorp
Posted on Friday, 25 September 2020 12:13
Amentum has signed on the dotted line to snap up US-based DynCorp International, a provider of aviation and logistics support services.
No financial details were disclosed.
The deal will create one of the largest providers of mission critical support services, with combined revenue of USD 6.00 billion over the last 12 months.
Pending regulatory approvals and customary closing conditions, the transaction is slated to complete during the fourth quarter of 2020.
Virginia-headquartered DynCorp provides flight operation support, supply chain management and infrastructure and development services for all branches of the US army, as well as federal agencies and international customers.
It has more than 15,000 employees and operates in 36 countries throughout the Americas, Europe, Asia and the Middle East, among other locations worldwide.
DynCorp’s services help support a range of vehicles, including military helicopters, front-line fighters and VIP transport aircraft.
Following the deal, the buyer will comprise more than 34,000 employees in over 30 countries globally.
John Vollmer, Amentum’s chief executive, said: “The combination of our two companies will accelerate our growth into key new markets such as aviation support services, contractor logistics support, intelligence solutions, and training.”
George Krivo, the buyer’s counterpart at the target, noted the transaction will add value to its customers and increase opportunities for DynCorp’s employees.
Based in Maryland, Amentum delivers test, training and nuclear and environment services, among others, for government and commercial clients globally.
Its customers include the US Army, Pfizer, GE Aviation and Toyota Motors.
There have been 1,158 deals targeting management, scientific and technical consulting services providers announced worldwide in 2020 to date.
In the most valuable of these, Nippon Paint agreed to buy stakes in several companies, including Nippon Paint (Thailand) and a Nippon Paint (Singapore), from Wuthelam Holdings for JPY 1,049 billion (USD 9.93 billion).
The deal represented the third-largest transaction on record for this sector.
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