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Washington Exec: Parsons to Acquire Xator Corp.

“Parsons Corp. has entered into a definitive agreement to acquire Xator Corp. in a transaction valued at $400 million.

Founded in 2005, Xator expands Parsons’ customer base and brings differentiated technical capabilities in critical infrastructure protection, counterunmanned aircraft systems, intelligence and cyber solutions, biometrics and global threat assessment and operations.

‘The addition of Xator is a natural extension of our growth strategy, adding important solutions and technologies that advance global security and protect critical infrastructure during a time of increasing and evolving threats,’ said Carey Smith, Parsons chair, president and CEO…

‘Xator was built on a commitment to the customer’s mission and support for the professional development of our employees,’ said David Scott, Xator CEO. ‘Today we are excited to announce the combination with Parsons — a company that shares our passion for supporting our customers’ mission and is recognized consistently as a top employer.’…” Read the full article here.

Source: Parsons to Acquire Xator Corp. – May 24, 2022. Washington Exec.


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