Nicole Blake Johnson
December 20, 2013
Network solutions provider LGS Innovations has a new owner.
Investor group Madison Dearborn and CoVant agreed to buy the company from French global communications firm Alcatel-Lucent, according to an announcement Friday. The deal is worth up to $200 million. Half of that total will be paid once the transaction is closed sometime in the first quarter of 2014. The remaining balance is contingent on LGS Innovations’ performance in fiscal 2014.
Read the full story here: http://www.federaltimes.com/article/20131220/FEDIT/312200008/Investor-gr…