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PAE To Acquire CENTRA Technology To Expand Intelligence Community Presence

Cal Biesecker By
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PAE To Acquire CENTRA Technology To Expand Intelligence Community Presence
PAE President and CEO John Heller Photo: PAE

PAE Inc. [PAE] on Monday said it has agreed to acquire CENTRA Technology in a $208 million cash deal that will add new customers in the intelligence community, and Departments of Defense and Homeland Security. The acquisition is subject to regulatory approvals and is expected to close late in the fourth quarter. CENTRA, which has 760 employees, 93 percent of whom have top secret and above security clearances, is based in Massachusetts. The company expects to have $255 million in…

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