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Benzinga
Benzinga
Business
Akanksha Bakshi

KBR Acquires UK Digital Transformation Company VIMA

KBR United Kingdom Ministry of Defence NYSE
  • KBR, Inc. (NYSE:KBR) has agreed to buy U.K.-based VIMA Group, a provider of digital transformation solutions to the defense and other public sector clients, for up to £75 million, including earn-out options.
  • VIMA Group is a trusted advisor and a top-five supplier to Defence Digital and Navy Digital organizations within the U.K. Ministry of Defence.
  • "This acquisition builds on our growing platform of high-end, technically differentiated advisory, consulting, and transformation solutions in international markets," commented CEO Stuart Bradie.
  • KBR held cash and equivalents of $412 million as of March 31, 2022.
  • Price Action: KBR shares closed lower by 1.04% at $47.36 on Tuesday.
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