Joint VentureApr 15, 2026, 06:26 AM
Leidos Forms JV for Security Enterprise Solutions & Industrial Automation
AI Summary
Leidos Holdings, Inc.'s wholly-owned subsidiary, Leidos Inc., has entered into a Contribution and Equity Purchase Agreement with affiliates of Altaris, LLC to form a new joint venture. This JV will combine Leidos' Security Enterprise Solutions and Industrial Automation businesses with Analogic Corporation, an Altaris portfolio company. Leidos Inc. will hold 41.5% of the JV's equity, while Altaris affiliates will hold 58.5%. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.
Key Highlights
- Leidos Inc. to contribute its Security Enterprise Solutions and Industrial Automation businesses to the JV.
- Altaris affiliates to contribute Analogic Corporation to the JV.
- Leidos Inc. will hold 41.5% of the equity securities in the new joint venture.
- Altaris affiliates will hold 58.5% of the equity securities in the new joint venture.
- The transactions are expected to close in the second half of 2026.