Vectrus said this week it has agreed to acquire Herndon, VA-based Zenetex, which specializes in mission readiness, performance and enhanced protection for defense and national security, in a $112 million deal.
"The acquisition adds critical new capabilities which will accelerate Vectrus' converged infrastructure strategy and expands the company's client base with new DOD, intelligence and foreign military clients," Vectrus said.
The company said the addition will add integrated security capabilities that will help Vectrus protect physical assets, intellectual property and computer systems as well as higher end integrated logistics.
Additionally, the deal is set to help Vectrus expand its base of Navy customers as well as bolster its foreign military sales customers. Purchases by the Navy, intelligence agencies and foreign militaries together make up more than 80% of Zenetex's sales.
Zenetex's FMS work "supports more than 40 countries, including Qatar, Malaysia, Spain, Morocco, Kuwait, Denmark, Australia, Canada, and provides significant channels for future growth," Vectrus said.
In 2020, Zenetex is expected to generate more than $200 million in sales. The deal is expected to close this week.