Vectrus Inc

NYSE:VEC   3:59:53 PM EDT
52.24
-0.64 (-1.21%)
Other Pre-Announcement, Mergers / Acquisitions

Vectrus Announces To Acquire Zenetex For $112 Mln

Published: 12/29/2020 01:53 GMT
Vectrus Inc (VEC) - Vectrus to Acquire Zenetex, Accelerating Converged Infrastructure Strategy and Further Expanding Intelligence and Foreign Military Client Portfolio.
Transaction is Valued at Approximately $112 Million, Net of $11 Million of Expected Tax Benefits.
Increases Backlog by More Than $700 Million and Provides a Foundation for Continued Growth.
Expected to Be Accretive to 2021 Adjusted Diluted EPS and Adjusted EBITDA Margin.
For 2020, Zenetex is Expected to Generate Revenue of Over $200 Million.