McClean-based KLDiscovery merges with New York’s Pivotal Acquisition.
McLean, Virginia-based KLDiscovery (KLD), provider of electronic discovery and data recovery services to large corporations and law firms, has merged with publicly traded investment company Pivotal Acquisition. The deal was valued at $800 million, KLD reported when it first announced the potential merger last May.
The combined company holds the KLD name. Due to Pivotal’s previous status, KLD is now a public company.
KLD CEO Chris Weiler and CFO Dawn Wilson continue to run the company while former General Motors CEO, Dan Akerson, took over as the combined company’s chairman. Pivotal Chairman and CEO Jonathan Ledecky remains on the board serving as vice chairman.
KLD’s majority shareholders, The Carlyle Group and Revolution Growth, have retained their shares through the merger alongside Pivotal founders. Last summer, the company also acquired New York-based Strategic Legal Solutions (SLS) and Richmond, Virginia-based Compiled.
Centauri acquires two companies headquartered in Ohio.
Chantilly, Virginia-based Centauri has acquired Dayton, Ohio-based companies PreTalen and The Design Knowledge Company (TDKC). Centauri is a provider of high-end space, intelligence, directed energy and cyber solutions. Financial terms of the deals were not disclosed.
— Centauri (@CentauriCorp) December 16, 2019
TDKC specializes in “microelectronics trust and assurance, space domain awareness, and advanced visualization for enhanced situational awareness,” a press release states. PreTalen is a provider of systems engineering support for space, navigation, electronic warfare and cybersecurity.
Both acquisitions bring Centauri’s team to more than 300 employees in Dayton and 1,650 employees overall. To expand its presence further in Ohio, Centauri also has plans to build research and development labs in the region.
Xometry acquired Germany-based Shift.
Gaithersburg, Maryland-based on-demand manufacturing marketplace Xometry has acquired Germany-based Shift, the largest on-demand manufacturing marketplace in Europe. The financial terms of the deal were not disclosed.
Shift now operates as Xometry Europe and continues to be headquartered in Munich, Germany. Shift cofounders Dmitry Kafidov and Albert Belousov are now managing directors for Xometry Europe while Shift cofounder Alexander Belskiy now acts as head of technology for Xometry Europe.
“Global expansion is a key step for us. Many of our customers, like BMW and Bosch, have a global presence and we can serve more of their needs with a global network,” said Xometry CEO Randy Altschuler in a press release. “Our AI-driven algorithms and intelligent sourcing platform give us a competitive advantage as we expand across new geographies and manufacturing technologies.”
With this acquisition and growth over the past few years, Xometry has grown to more than 300 employees, moved into 12 new countries and built up a network of over 4,000 manufacturers. In July, the company announced that it has landed a $5 million investment from Germany-based Robert Bosch Venture Capital, concluding its Series D round of funding with $55 million raised.
GTT Communications completed its acquisition of KPN International.
McLean, Virginia-based GTT Communications, a global cloud networking provider, announced last month that it had completed its acquisition of Netherlands-based KPN International, a telecommunications and IT provider that operates a global IP network.
GTT paid approximately $56 million to close the deal. This acquisition adds more than 400 strategic enterprise and carrier clients to GTT’s portfolio, and the company is now the preferred international network supplier for other KPN clients.
“The great client base contributed by this acquisition, combined with a talented group of employees, strengthens GTT’s presence in Europe,” said GTT President and CEO Rick Calder in a statement.-30-
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