LGS Innovations acquires defense and intelligence contractor Axios Inc.
LGS Innovations (LGS), a Herndon, VA-based provider of next generation networking and communication solutions for the US national security, defense, and advanced research communities, announced on October 1 that it has acquired Axios, Inc, a provider of communications and signal processing solutions and mission support services for the Department of Defense and Intelligence communities.
The acquisition of the Dulles, VA-based provider of leading-edge processing solutions and products complements LGS’ intelligence, surveillance, and reconnaissance (ISR) technologies with the addition of mission-attached services and application development capabilities. Over half of Axios’ 120+ employees hold advanced degrees in the fields of electrical engineering, computer engineering, and computer science.
“Axios has a high caliber of project performance, corporate culture, and outstanding people,” said Kevin Kelly, CEO of LGS Innovations. “Both Axios and LGS employees share a dedication to the mission and a track record of developing creative solutions to complicated challenges, and we are looking forward to working together on communications and networking advancements.”
Founded in 2000, Axios supports its defense and intelligence clients through RF communications and signal processing, mission operations, frameworks and open source technology, software defined radio, tactical programs, and other solution areas. Axios will continue its operations as a wholly-owned subsidiary of LGS.
“We are very excited to join the LGS team,” said Frank Nadal, President of Axios. “By joining forces, we will be able to tackle even more complex and large scale mission challenges for our customers, which is what brought us all into this line of work.”
The Axios acquisition is LGS’ first since it was purchased from Alcatel-Lucent by Madison Dearborn Partners and CoVant in 2014. Houlihan Lokey served as exclusive financial advisor to Axios on this transaction.
LGS, which has a legacy of supporting mission critical government operations for over 75 years, also continues to invest internally to develop new capabilities for its customers. The company maintains a robust internal research and development (IRAD) program to advance its cybersecurity, photonic communications and sensing, cellular communications, and ISR solutions. “External acquisitions like Axios, coupled with our continuing internal investment strategy, are essential to the LGS growth strategy and efforts to provide more comprehensive and cutting-edge technologies and solutions to our customers,” Kelly explained.
Source: LGS Innovations