Serco Announces Agreement to Acquire BTP Systems

RESTON, Va., Oct. 24, 2017 /PRNewswire/ -- Serco Inc., a provider of professional, technology, and management services, announced today that the Company has entered into a definitive agreement to acquire BTP Systems, LLC ("BTP"), headquartered in Ludlow, MA with operations or personnel in Newport RI, Reno NV, San Diego CA, Charleston SC, Groton CT, Norfolk, VA, Chesapeake VA, and Mayport FL.  The acquisition, subject to required approvals, is expected to close by the end of this year. 

The proposed acquisition would support Serco's strategic growth plan in the defense sector by enhancing its portfolio of Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR) service offerings and broadening its Federal government client base.

BTP provides satellite communications (SATCOM), radar modernization, operations and maintenance, and sustainment services that enable customers to extend the lives of existing systems and achieve phased upgrades with new technology to enhance operational capability. BTP specializes in areas including obsolescence engineering, systems engineering services, test equipment and design, and field engineering services, and maintains a near-field and compact antenna test range at their Ludlow, MA headquarters. The company's expertise spans shipboard and submarine SATCOM antenna systems, MILSTAR command post antennas, and radar antennas. 

"BTP Systems is an excellent addition to our rapidly growing C5ISR business supporting naval modernization and sustainment for ship, shore, and hardware integration projects," said Dave Dacquino, Chairman and CEO of Serco Inc. "This acquisition will provide Serco with capabilities in the engineering, overhaul, repair, and sustainment of SATCOM and radar systems that expand our scope of solutions for existing customers and brings Serco to new customers including Hill Air Force Base, the Naval Undersea Warfare Center, and Naval Air Systems Command."

The demand for sustainment, overhaul, and testing services is growing rapidly as many of the SATCOM and radar systems both on ships and on shore require significant upgrades and maintenance to extend their useful lives. BTP supports major SATCOM integrators with specialized RF engineering, small lot production, and RF testing services. Serco's expertise in systems integration and large-scale modernization projects helps customers achieve goals for operational enhancement and timely and cost-effective completion with a high level of confidence.

Referring to the proposed acquisition, BTP Systems President and Founder Bud Beaudry commented, "Becoming a part of Serco will generate many immediate and long-term benefits to our customers and employees.  Our employees' dedication to our customers has resulted in tremendous success throughout BTP's 14-year history.  By joining with Serco, we will provide our clients even greater services, and will offer our employees additional opportunities for professional growth.  This is a great achievement for all involved as we join a company that has the scope, scale, and track record required for success, and a stellar reputation in the defense sector."

About Serco Inc.
Serco Inc. is a leading provider of professional, technology, and management services. We advise, design, integrate, and deliver solutions that transform how clients achieve their missions. Our customer-first approach, robust portfolio of services, and global experience enable us to respond with solutions that achieve outcomes with value. Headquartered in Reston, Virginia, Serco Inc. has approximately 8,000 employees and annual revenue of $1 billion. Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $5 billion international business that helps transform government and public services around the world. More information about Serco Inc. can be found at www.serco-na.com. 

SOURCE Serco Inc.