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KBR Completes Acquisition Of Wyle, Expanding Government Services Business

Cal Biesecker By
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KBR Completes Acquisition Of Wyle, Expanding Government Services Business
Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

KBR, Inc. [KBR] on Tuesday said it has completed its $570 million cash acquisition of Wyle, Inc., a deal that more than doubles its government services business and shift toward less reliance on the hydrocarbon market.KBR’s government services business had $663 million in sales last year and with Wyle in the fold, annual revenue will be about $1.5 billion. KBR had $5.1 billion in sales in 2015.With the acquisition, KBR has rebranded its Wyle as KBRwyle.“KBRwyle fits perfectly with our…

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