Washington area business diary for week of March 11

March 10, 2013

Short takes on the week's announcements and deals.

Acquisitions

Gaithersburg-based Oil Price Information Service, which publishes spot prices for refined petroleum products, said it has acquired Brooklyn Park, Minn.-based GasBuddy, a Web site that lists gasoline prices. Terms were not disclosed.

Sterling-based cloud computing storage company IceWeb said it will acquire Kansas City, Mo.-based data center and Internet service provider Computers and Tele-Comm. Terms were not disclosed.

Hampstead, Md.-based precision-machining company Breidonsaid it has acquired Upper Marlboro-based precision-machining company Bechdon. Terms were not disclosed.

Herndon-based provider of fleet-tracking software Wireless Matrix said that its shareholders have approved the previously announced $53 million sale of its Wireless Matrix USA unit to California-based wireless communications company CalAmp. The deal is expected to close later this month.

Arlington-based Interstate Hotels & Resorts said it has acquired Liverpool, England-based Sanguine Hospitality, giving Interstate 14 hotels in the United Kingdom. Terms were not disclosed.

Expansions

District-based business center and office space provider Carr Workplaces has opened a location in the Clarendon Square building at 3033 Wilson Blvd., Arlington, VA 22201.

Security and linguistic services provider Torres Advanced Enterprise Solutions said it has opened a cybersecurity training facility at its Falls Church headquarters.

District-based law firm McKenna Long & Aldridge has opened an office in Seoul.

Joint ventures

Warrenton-based Fauquier Health announced it has signed an agreement to form a joint venture with Brentwood, Tenn.-based LifePoint Hospitals to run Fauquier Hospital and its subsidiaries. If approved by Virginia’s attorney general, LifePoint would have majority control of the venture. Terms were not disclosed.

District-based Children’s National Medical Center and Merrifield-based Inova Health System said they are forming a joint venture, called Pediatric Specialists of Virginia, to provide pediatric medical services through three clinics in Fairfax and Falls Church. Terms were not disclosed.

Moves

Bethesda-based life sciences company Spherix said it is relocating to 7927 Jones Branch Dr., McLean, VA 22012.

New products & services

The Herndon-based Jack Welch Management Institute at Strayer University has started its Welch Way online leadership and management program.

Other

Alexandria-based marketing and branding firm PCI Communications said it has re-branded with a new logo, tagline, Web site and marketing materials.

McLean-based defense and aerospace contractor ITT Exelis said it has settled its patent-infringement claims against Verizon Communications, Qualcomm, LG and Kyocera over its global positioning system technology used in mobile devices. Terms of the settlement are confidential.

Pharmaceuticals

Silver Spring-based Pharmagen said it has entered into a financial advisory agreement with New York-based investment bank Merriman Capital for equity research coverage and other services.

— Compiled by Shawn Selby

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