CSC to acquire Australian IT firm in $307.9 million deal
Falls Church-based CSC confirmed on Monday that it has entered into an agreement to acquire Australian IT services company UXC Ltd. for $307.9 million.
The announcement follows a period of due diligence that began in early October.
News of the acquisition came on the same day that spinoff company CSRA Inc. completed its separation from CSC and acquired SRA International.
UXC is Australia’s largest independent and publicly owned IT services company, with reported fiscal 2015 annual revenues of $493.9 million and nearly 3,000 employees.
“The addition of UXC would continue the process of rebalancing our offering portfolio and strengthening our global commercial business,” Mike Lawrie, CSC’s president and CEO, said in a statement. “UXC’s application platform capabilities – combined with CSC’s existing strengths in cloud, cyber, and big data – would enhance what the two companies already deliver to clients in the region.”
A combined CSC-UXC would be among the region’s largest IT service companies, based on revenues. The combination would offer an expanded client base and deeper industry expertise for both firms.