Private equity-led investor group buys LGS Innovations
Posted on: January 5, 2014

The Washington Post
Marjorie Censer
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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