Booz Allen Hamilton Holding Corporation (BAH), the parent company of consulting firm Booz Allen Hamilton, announced it has entered into a definitive agreement to acquire the Defense Systems Engineering & Support division of ARINC, based in Annapolis, MD with offices across the United States. Booz Allen expects the transaction, once completed, to be accretive to its earnings in fiscal 2014, which begins April 1, 2013.
Approximately 1,000 employees from various locations of ARINC, many of which align with Booz Allen's existing locations, are expected to join Booz Allen as a result of the acquisition. The transaction is expected to close later this year. At closing, Booz Allen will pay approximately $154 million in cash to ARINC Incorporated.
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