FX.co ★ KBR To Buy LinQuest For $737 Mln

KBR Inc. (KBR), a prominent engineering firm, has announced its agreement to acquire LinQuest Corp., a company specializing in engineering, data analytics, and digital integration, for $737 million.

This transaction is projected to be accretive to the acquirer's adjusted earnings per share.

KBR plans to finance the acquisition through cash and its existing debt facility. The deal is slated for closure in the third or fourth quarter of the current year.

"We are excited to welcome LinQuest to the KBR family," stated Stuart Bradie, CEO of KBR. "LinQuest is a frontrunner in national security, space, and technology solutions. Their expert team delivers premier, technically and digitally advanced services that perfectly complement KBR's offerings."

The acquisition is set to enhance KBR's capabilities in high-end, technically advanced services across space, air dominance, and battle space missions.