The Washington Post
January 5, 2014
Herndon-based LGS Innovations, the federal government-focused subsidiary of telecommunications business Alcatel-Lucent, is being purchased for $200 million by an investor group led by private equity firm Madison Dearborn Partners.
LGS was formed after Lucent — also the parent company of the storied Bell Laboratories — merged with Alcatel in 2006. LGS was established separately and brings together the federally focused portions of Lucent and Alcatel.
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