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CFIUS Clearance: Capgemini and Leidos Cyber

Status:  Clearance

Acquirer:  Capgemini SE (France)

Acquired:  Leidos Cyber, Inc. (US)

Value:  Unknown

Industry:  Cybersecurity; Technology Services

In 2018, Capgemini SE, a French multinational corporation providing consulting, professional, technology and outsourcing services announced that it had entered into an agreement to acquire Leidos Cyber, the “commercial cybersecurity arm” of the US company Leidos Holdings Inc. (NYSE:LDOS). (Capgemini SE Press Release, “Capgemini to acquire Leidos Cyber, the commercial cybersecurity division of Leidos,” June 7, 2018). “The completion of the acquisition [was] subject to anti-trust and Committee of Foreign Investment in the United States (CFIUS) approvals.” (Id.). In February 2019, Capgemini SE closed the acquisition, announcing that this had followed approval of all regulatory requirements.  (See Washington Technology Daily,  “Leidos closes sales of commercial cyber business,” February 21, 2019Capgemini SE Press Release, “Capgemini announce closing of acquisition of Leidos Cyber,” February 21, 2019.)  “Capgemini’s strategic acquisition of Leidos Cyber, Inc., the commercial cybersecurity arm of the FORTUNE 500® company Leidos,” further strengthens its expertise and portfolio of technology services.  (Capgemini website, Cybersecurity Services web page, visited Apr. 3, 2020.)

© Copyright 2021 Squire Patton Boggs (US) LLPNational Law Review, Volume X, Number 104

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