India, Jan. 30 -- Serco Group plc (SRP.L), a provider of public services, Thursday announced that it has agreed to acquire Northrop Grumman's mission training and satellite ground network communications software business for $327 million in cash. The deal is expected to conclude by mid-2025.
The business offers advanced training services for the US military and software that improves the efficiency of satellite ground networks. The consideration will be paid with sufficient capacity available through existing cash and debt facilities.
MT&S will help Serco expand in North America, increasing revenue to over $2 billion and profit to $200 million. It also provides new capabilities and access to more customers, creating opportunities for Serc...