Lockheed Martin acquires Amor Group

It’s a week of big news for Lockheed Martin’s UK IT business on HotViews this week. This morning it was the winning of the Ministry of Justice SIAM contract (see Lockheed preferred SIAM bidder at MoJ). This evening we hear that Lockheed has acquired Scotland-headquartered, private equity-backed, Amor Group.

Amor will be part of Lockheed’s Information Systems & Global Services (IS&GS) business, more than doubling the UK headcount to over 1,000. No terms were disclosed. The deal appears to be a good outcome for Amor’s previous funders, including Scottish Enterprise, which will be pleased to see another international business investing north of the border. TechMarketView Subscribers can read our analysis of the acquisition in UKHotViewsExtra. If you are not yet a subscriber, please contact Deb Seth.

Posted by Georgina O'Toole at '22:12' - Tagged: publicsector   acquisition   transport   energy