Virginia, US: CACI International signed a definitive agreement to acquire TechniGraphics, Inc., a leading provider of imagery and geospatial services, including digital maps, to the US Intelligence Community. TechniGraphics’ products form the basis for intelligence analysis, military operational planning, disaster relief planning and operations and other mapping requirements. This acquisition will solidify CACI’s competency in the mission-critical intelligence space and sustains a long-term commitment to sophisticated intelligence solutions. Closing is anticipated by November 1, 2010.
TechniGraphics has a seasoned management team with refined insights into evolving needs and capabilities within government and industry. Approximately 85 percent of the 426 employees possess security clearances and the company’s principal customers are the US Intelligence Community, Department of Defense, Department of Homeland Security, and allied governments. TechniGraphics’ revenue in calendar year 2010 is expected to be USD 46 million. The acquisition is expected to be solidly accretive to CACI’s earnings per share during its first 12 months.
Acquisition of TechniGraphics furthers CACI’s strategy to grow and invest in capabilities that serve the intelligence market. Key elements of this strategy are to diversify CACI’s work and offerings within the Intelligence Community, focus on core intelligence mission areas with particular emphasis on those that are enduring, and develop capabilities in market segments adjacent to those where CACI has a presence. TechniGraphics increases CACI’s already strong presence in this arena and adds an essential geospatial element to its core competencies.
CACI President of US Operations Bill Fairl said, “TechniGraphics’ strong revenue growth is a clear demonstration of their quality performance, superb leadership and highly professional workforce. The company’s culture and emphasis on their customers’ mission success makes them a perfect fit for CACI.”
Paul Cofoni, CACI President and Chief Executive Officer, stated, “Acquisition of TechniGraphics makes CACI a prominent provider of geospatial data for the Intelligence Community and those it serves. This move into a core intelligence mission area affirms our commitment to providing and building world-class intelligence capabilities and builds on more than a decade of experience providing end-to-end intelligence solutions for our government customer base.”