General Dynamics completed its acquisition of Vangent Holding, the parent company of Vangent, a provider of healthcare information technology and business systems to federal agencies. The cash transaction, valued at approximately $960 million, was announced on August 16 and is expected to be accretive to General Dynamics’ earnings in 2012. Vangent was majority-owned by The Veritas Capital Fund III. Vangent now becomes part of General Dynamics Information Technology, headquartered in Fairfax, Virginia, said General Dynamics in a statement.
General Dynamics Completes Acquisition of Vangent Holding
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