Parsons Acquires Altamira Technologies for Up to $375 Million
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Parsons Corporation has acquired Altamira Technologies for up to $375 million, including a $330 million cash payment and a $45 million earn-out based on 2026 EBITDA targets. This acquisition aims to enhance Parsons' defense and intelligence capabilities and is expected to generate over $200 million in revenue by 2026, positively impacting its revenue growth and earnings per share.
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