U.S. security solutions provider KeyW Holding Corp. has agreed to be acquired by technical professional services firm Jacobs Engineering Group Inc. for about $603 million.
Under the deal, Jacobs will pay $11.25 in cash for each share of KeyW at a transaction value of $815 million.
KeyW noted that the deal will propel its capabilities further and create new opportunities for the research and development its customers need to enhance their national security and intelligence capabilities.
The closing of the transaction, expected to occur by August 31, 2019, is subject to customary closing conditions and approvals, including receipt of regulatory approval.