Defense contractor KBR has purchased digital transformation company VIMA Group for a potential sum of GBP £75 million.
The UK-based VIMA Group’s addition to KBR’s portfolio is intended to deepen the latter organization’s offerings in digital and information technology services for defense sector clients, the company said Wednesday.
Stuart Bradie, CEO and president of KBR, welcomed VIMA to the KBR umbrella and said the acquisition also contributes to the company’s worldwide advisory, consulting and transformation capabilities.
Bradie added that the buy “accelerates our strategy to invest in the skills of the future that will deliver growth and value creation for years to come.”
The definitively agreed upon acquisition price is inclusive of earn-out opportunities. VIMA Group’s services are regularly contracted by entities that operate out of the UK Ministry of Defense such as Defence Digital and Navy Digital. The latter organizations are using the kinds of digital and IT services offered by VIMA Group to grow and keep pace with modern technological advancements.
KBR’s acquisition of VIMA comes on the heels of the company’s $100 million investment in Mura Technology earlier this month. Their funds were provided for Mura’s plastics recycling initiatives and are aimed to further KBR’s interest in aiding sustainability measures.