M&A Deal Summary

DXC Technology Acquires CSC Covansys

On July 2, 2007, DXC Technology acquired information technology company CSC Covansys for 1.3B USD

Acquisition Highlights
  • This is DXC Technology’s 3rd transaction in the Information Technology sector.
  • This is DXC Technology’s 3rd largest (disclosed) transaction.
  • This is DXC Technology’s 6th transaction in the United States.
  • This is DXC Technology’s 1st transaction in Michigan.

M&A Deal Summary

Date 2007-07-02
Target CSC Covansys
Sector Information Technology
Buyer(s) DXC Technology
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

CSC Covansys

Farmington Hills, Michigan, United States
CSC Covansys Corp. provides Information technologies services like packaged software implementation, enhancements, verification and validation etc.

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Buyer(S) 1

Buyer

DXC Technology

Ashburn, Virginia, United States

Category Company
Founded 1959
Sector Information Technology
Employees130,000
Revenue 13.7B USD (2024)
DESCRIPTION

DXC Technology is an end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. The company's technology independence, global talent and extensive partner network help clients harness the power of innovation to thrive on change and guide their digital transformation journeys. DXC Technology was founded in 1959 and is based in Ashburn, Virginia.


DEAL STATS #
Overall 7 of 44
Sector (Information Technology) 3 of 23
Type (Add-on Acquisition) 6 of 41
State (Michigan) 1 of 1
Country (United States) 6 of 25
Year (2007) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-22 Datatrac Information Services

Richardson, Texas, United States

Datatrac Information Services, Inc. provides citizen-centric solutions to Federal agencies in the areas of records digitization & management, contact centers, smart card personalization, and distributed IT lifecycle support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-14 First Consulting Group

Long Beach, California, United States

First Consulting Group, Inc. provides information technology services and products to health delivery, health plan and life sciences organizations.

Buy $365M