Columbia's Integral Systems to buy CVG and subsidiary

March 06, 2010

Integral Systems Inc. of Columbia announced Friday that it will pay $34.7 million to acquire CVG Inc. and its subsidiary, Avtec Systems Inc., both of Chantilly, Va., in an all-cash transaction. Integral Systems provides technology satellite missions of the U.S. Defense Department and others. CVG-Avtec provides satellite-based communications to government and commercial markets worldwide. The acquisition is expected to help Integral expand its client base and product line. CVG-Avtec has about 100 employees, who will be retained in the purchase. The acquisition will be financed with a combination of the company's existing cash and loans under a new $55 million secured line of credit.

- Baltimore Sun

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