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BAE completes acquisition of MTC

ROCKVILLE, Md., June 10 (UPI) -- British company BAE Systems has acquired Ohio-based technical and professional services provider MTC Technologies Inc.

BAE completed the acquisition of MTC for approximately $450 million after receiving all required shareholder and regulatory approvals. The original plan to acquire MTC was announced in December 2007. The acquisition is part of a strategy by BAE to grow its business in the United States.

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"We are continuing to see the benefits of a well executed global business strategy," Mike Turner, BAE Systems chief executive officer, said in a statement.

"The acquisition of MTC Technologies in the U.S. is further evidence of our intention to grow our business organically and by acquisition in each of our six home markets. It will expand our capability in the areas of readiness and sustainment, and makes us an even more effective provider of technical solutions and services."

MTC's technical and professional services go to support modernization efforts by the U.S. military and intelligence agencies.

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