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BAE completes L-1 cyber intelligence buyout

February 17th, 2011 by David No Comments

BAE Systems has completed its acquisition of the Intelligence Services Group (ISG) part of L-1 Identity Solutions,

ISG is comprised of several intelligence and cyber security technology and advisory businesses: SpecTal, Advanced Concepts, and McClendon.

US-based ISG employs just over 1,000 people.

“The ISG acquisition is also consistent with BAE Systems’ strategy to grow its services business in cyber and intelligence,” said BAE.

BAE says it acquired ISG for approximately $297m. The deal was initially announced in September. 

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