By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Getronics Government Solutions employs 2,300 people and provides desktop and network management services exclusively to the US government. The unit reported revenue of €380m in 2001.
The sale will not affect Getronics' non-federal US customers because the unit servicing the government is an independent company. Other customers are serviced by Getronics' US commercial operations, a unit that employs 4,000 people.
DigitalNet is privately held and provides wireless integration services to businesses. The company is backed by GTCR, a private equity firm that manages more than $4bn in capital with investments in many sectors, according to the GTCR Web site.
The €224m deal is part stock and part cash and subject to regulatory approval as well as other conditions. Getronics expects the transaction to close during the fourth quarter of 2002.