Serco Inc. announced on Thursday the $225M acquisition of Alion Science & Technology Corp.'s Naval Systems Business Unit, which includes its Canadian business and a small number of related contract operations.
“We are delighted to welcome the team from NSBU to Serco,“ said Dave Dacquino, chairman and CEO of Serco Inc and a former Wash100 Award recipient. “By combining our existing and new capabilities we have a very compelling proposition as an agile, services-first company able to take on the most complex naval modernization projects from stem-to-stern, and from conception all the way to sustainment and disposal of major naval platforms.“ Dacquino added.
This acquisition doubles the size of Serco's business supporting the U.S. Navy. The acquisition dramatically expands the capabilities that Serco is able to provide to existing and new customers in the area of maritime modernization, which has been a core growth market for the company.
NSBU has industry-leading capabilities in naval ship and submarine design, systems and engineering services, and production support, logistics and in-service sustainment. This complements Serco's existing strengths in shipboard, shore and systems installation and upgrade services to the Navy.
NSBU has annual revenues of approximately $336 million and around 1,000 employees based at Naval facilities around the U.S., in Canada and internationally. Serco seeks to retain all of the talent in the company to meet the strong demand for this expertise.
Serco will operate NSBU as a new business unit to be led by Vince Stammetti, SVP of Alion's NSBU. “Rarely do you see a business combination where the capabilities perfectly complement each other and where the values are so compatible,“ said Stammetti.
“We are very excited to now approach our customers with a full suite of services as the Navy undertakes an ambitious program of fleet expansion and force transformation to meet new strategic challenges. It is a great time to be in this market and we are in a unique position to advance our customers' strategic goals.“
About Serco, Inc.
Serco Inc. is a leading provider of professional, technology, and management services. We advise, design, integrate, and deliver solutions that transform how clients achieve their missions. Our customer-first approach, robust portfolio of services, and global experience enables us to respond with solutions that achieve outcomes with value. Headquartered in Herndon, Virginia, Serco Inc. has approximately 8,000 employees and annual revenue of $1 billion. Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $4 billion international business that helps transform government and public services around the world.