Leidos Finalizes $2.4 Billion Acquisition of ENTRUST Solutions Group
The completion of Leidos' $2.4 billion acquisition of ENTRUST Solutions Group enhances its capabilities in energy infrastructure, focusing on grid modernization. This strategic move positions Leidos to better support utilities in meeting increasing power demands and improving reliability.
Leidos has finalized its acquisition of ENTRUST Solutions Group for approximately $2.4 billion, effectively doubling its footprint in the energy infrastructure sector. The integration adds over 3,100 professionals skilled in electric grid engineering and natural gas infrastructure to Leidos' workforce, enhancing its engineering capabilities and customer base in the utility sector.
AI-curated by TheiaThis acquisition aligns with Leidos' NorthStar 2030 strategy, emphasizing the growth of the energy pillar. The expanded capabilities may allow Leidos to address rising utility demands and resilience challenges more effectively, positioning the company for increased competitiveness in the energy market.
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