Leidos to buy power design firm ENTRUST for about $2.4 billion
Jan 26 (Reuters) - Defense contractor Leidos Holdings said on Monday it would buy power design firm ENTRUST Solutions Group from private equity firm Kohlberg for about $2.4 billion to bolster its engineering offerings for utilities.
The deal, which Leidos will fund using a combination of new debt, cash on hand and commercial paper, is expected to close by the end of the second quarter of 2026.
Leidos expects the acquisition to immediately add to its revenue growth and adjusted core profit margin. It will add to the firm's adjusted earnings per share in 2027.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Vijay Kishore)
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