Herndon-based federal networking infrastructure company LGS Innovations has made its first big move since going private last year, buying up Dulles-based Axios Inc.
Terms of the deal were not disclosed, but LGS Kevin Kelly told me LGS considered 100 companies over the last 18 months as acquisition targets and settled on Axios because it complements its work supporting missions for soldiers and the intelligence community.
Axios will retain its brand name and become a wholly owned subsidiary of LGS and absorbed into its engineering and integration services unit, said Kelly, who declined to disclose revenue figures for either company.
Both companies will maintain their existing individual offices for now, Kelly said, citing favorable leasing terms for both. But both branding and office space could change as the union evolves.
LGS Innovations employs 800 and will add 125 workers with the merger. Axios President Frank Nadal will maintain his title and also assume a new title as senior vice president of mission solutions inside LGS.