SAN DIEGO, Aug. 23 /PRNewswire/ -- Science Applications International Corporation (SAIC) today announced that it has signed a definitive agreement to acquire GEO-CENTERS, INC. and its subsidiaries EAI Corporation and FOCIS Associates, Inc.
"I believe the combination of our existing human resources, expertise and market presence blended with SAIC's breadth of resources and technical diversity will provide increased opportunities for growth of our employees and organization, while allowing us to continue focusing on problems of national significance," said Ed Marram, founder, chairman and chief executive officer of GEO-CENTERS.
"This acquisition gives us the opportunity to enhance the level of services and solutions we offer our customers in the area of homeland security and defense," said Ken Dahlberg, SAIC chairman and chief executive officer. "We look forward to building on the long-standing client relationships GEO- CENTERS has established and are pleased to welcome its employees to the SAIC team."
The transaction is expected to close in September 2005, subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
Based in Newton, Mass., GEO-CENTERS is a leading engineering and professional services firm, providing research and development for chemical and biological detection, infrastructure assessment and protection, life science research, rapid response equipment and support, and sensor systems and integration. Customers include the Department of Homeland Security (DHS), the Department of Defense, as well as state and local governments and agencies.
The company also develops training course materials and trains first responders at the DHS Center for Domestic Preparedness and provides preparedness and response services and products to government and private industry clients.
GEO-CENTERS was founded in 1975 and employs more than 1,100 people supporting clients throughout the United States.
From science to solutions(TM), SAIC engineers and scientists solve complex technical problems in national security, homeland security, energy, the environment, space, telecommunications, health care, and logistics. With annual revenues of $7.2 billion, SAIC is the largest United States' employee- owned research and engineering company, with more than 43,000 employees at offices in more than 150 cities worldwide. More information about SAIC can be found at http://www.saic.com.
Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the Company's Annual Report on Form 10-K for the period ended January 31, 2005, and such other filings that the Company makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.