M&A Deal Summary

Huntington Ingalls Industries Acquires Spatial Integrated Systems - Autonomy Business

On January 4, 2021, Huntington Ingalls Industries acquired business services company Spatial Integrated Systems - Autonomy Business from Spatial Integrated Systems

Acquisition Highlights
  • This is Huntington Ingalls Industries’ 1st transaction in the Business Services sector.
  • This is Huntington Ingalls Industries’ 6th transaction in the United States.
  • This is Huntington Ingalls Industries’ 1st transaction in Maryland.

M&A Deal Summary

Date 2021-01-04
Target Spatial Integrated Systems - Autonomy Business
Sector Business Services
Buyer(s) Huntington Ingalls Industries
Sellers(s) Spatial Integrated Systems
Deal Type Divestiture

Target

Spatial Integrated Systems - Autonomy Business

Rockville, Maryland, United States
Spatial Integrated Systems' Autonomy Business provides multi-vehicle collaborative autonomy, sensor fusion.

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Buyer(S) 1

Buyer

Huntington Ingalls Industries

Newport News, Virginia, United States

Category Company
Founded 1886
Sector Marine
Employees44,000
Revenue 11.5B USD (2023)
DESCRIPTION

Huntington Ingalls Industries is a military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets. Huntington Ingalls Industries was founded in 1886 and is based in Newport News, Virginia.


DEAL STATS #
Overall 7 of 8
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 Sea Machines Robotics

Hamburg, Germany

Sea Machines Robotics, Inc. is an autonomous technology company that specializes in advanced control technology for workboats and other commercial surface vessels. Sea Machines Robotics was founded in 2015 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 UniversalPegasus International

Houston, Texas, United States

UniversalPegasus International is an engineering and design firm that provides its clients with a broad range of engineering, inspection, survey, and project management services focused on the gathering, transmission, and processing of hydrocarbons and hydrocarbon-based products both onshore and offshore domestic and international markets. UniversalPegasus International was founded in 2008 and is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Spatial Integrated Systems

Rockville, Maryland, United States

Category Company
Founded 1997
Sector Information Technology
DESCRIPTION

Spatial Integrated Systems, Inc. is a provider in the development of new and innovative technologies and refined its staff abilities in Systems Integration, Research and Development, Technology Transfer, and Enterprise Support Services in order to develop vastly improved technology solutions to improve process efficiencies for our customers. SIS professionals include program managers, computer scientists, hardware, software and systems engineers, CAD modelers and designers, manufacturing engineers, and business professionals. Spatial Integrated Systems was founded in 1997 and is based in Rockville, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1