Leidos completes $215M acquisition of 1901 Group
Transaction first announced Dec. 10, 2020
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it has completed its $215 million cash acquisition of Reston-based information technology services company 1901 Group.
The transaction was first announced on Dec. 10, 2020.
“The addition of 1901 Group allows us to work together and leverage their impressive capabilities across the enterprise,” Leidos Chairman and CEO Roger Krone said in a statement. “We are thrilled to incorporate their managed services and cloud computing techniques to provide our customers with the tools they need for digital modernization.”
1901 Group was founded in 2009 and offers cloud, cybersecurity and enterprise scale-managed services. It has clients in the federal, state and local governments, as well as law enforcement and criminal justice agencies. With annual revenues of $11.09 billion last year and 37,000 employees, Leidos specializes in technology and engineering services for defense agencies.
Leidos’ acquisition of 1901 Group will advance its digital modernization capabilities, and 1901 brings cloud factories and fully-integrated service delivery platforms to Leidos.
“This is an exciting day for 1901 Group, as we officially become a part of the Leidos family,” 1901 Group founder and CEO Sonu Singh said in a statement. “We are confident this acquisition will provide new opportunities for our team. Combining our Enterprise IT Operations Centers and secure FedRAMP platform with the depth and scale of Leidos will allow us to provide customers with highly sought-after capabilities.
“We look forward to working together to transform IT service delivery.”