Washington area business diary for week of May 7

May 6, 2012

Short takes on the week's announcements and deals.

Acquisitions

Sterling-based Sutron, a developer of hydrological, meteorological and oceanic monitoring products, said it will acquire Englewood, Colo.-based IPS Meteostar for nearly $4.2 million.

Arlington-based defense and aerospace giant BAE Systems said it will sell its Ontario, Calif.-based Safariland unit to a newly formed acquisition vehicle affiliated with Greenwich, Conn.-based private investment firm Kanders & Co. Terms were not disclosed.

McLean-based network operator Global Telecom & Technology said it has acquired Chicago-based Internet infrastructure services company nLayer Communications. Terms were not disclosed.

District-based real estate data company CoStar Group said it has completed its previously announced acquisition of San Francisco-based rival LoopNet in an $860 million deal.

Reston-based health services company Maximus said it has completed its previously announced acquisition of Denver-based PSI Services Holding for $67 million.

District-based daily deals company LivingSocial said it has acquired Cleveland-based restaurant ordering systems provider Onosys. Terms were not disclosed.

Silver Spring-based media company Discovery Communications said that it is to acquire San Francisco-based digital video company Revision3. Terms were not disclosed.

Portugal-based WeDo Technologies said it has acquired Bethesda-based telecommunications network usage software company Connectiv Solutions. Terms were not disclosed.

Contracts

Reston-based Rolls-Royce said it has received a $315 million contract from East Hartford, Conn.-based Pratt & Whitney to supply the R-R LiftSystem technology to the F-35 Joint Strike Fighter aircraft program.

McLean-based telecom management services company Isys said it has received a contract from the state of Utah to conduct a wireless telecom contract audit for all state agencies and departments.

Expansions

Herndon-based Celcite Management Solutions, a developer of tools and services for wireless networks, said it has opened an office in Singapore.

Tempe, Ariz.-based U.S. Airways began offering daily flights from Reagan National Airport to Cincinnati and Des Moines.

McLean-based defense contractor ITT Exelis said that it has opened an office at Aberdeen Proving Ground.

Name changes

Bethesda-based finance company Federal National Payables said it has changed its name to Federal National Commercial Credit.

— Compiled by Shawn Selby

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