Leidos to acquire 1901 Group

Leidos said today it has agreed to acquire 1901 Group, which specializes in managed IT services and cloud solutions, for $215 million.

1901 Group, which is based in Reston, VA, was founded in 2009.

"The acquisition of 1901 Group will advance Leidos' position in the digital modernization market and expand its ability to address the accelerating cloud and IT services markets," Leidos said. "This will allow Leidos to respond to growing customer demand for more fixed-priced, utility-based business arrangements."

The deal is expected to close early next year.