CACI Acquires ID Technologies
Ticker: CACI · Form: 8-K · Filed: Jan 22, 2025 · CIK: 16058
| Field | Detail |
|---|---|
| Company | Caci International Inc /De/ (CACI) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, technology, government-contracts
Related Tickers: CACI
TL;DR
CACI buys ID Technologies to boost its secure comms and tech game for Uncle Sam.
AI Summary
CACI International Inc. announced on January 22, 2025, that it has entered into a definitive agreement to acquire ID Technologies, Inc. for an undisclosed amount. This acquisition is expected to enhance CACI's capabilities in secure communications and advanced technology solutions for the U.S. government. The transaction is anticipated to close in the second half of fiscal year 2025.
Why It Matters
This acquisition aims to bolster CACI's offerings in secure communications and advanced technology, potentially leading to new government contracts and increased market share in defense and intelligence sectors.
Risk Assessment
Risk Level: medium — The acquisition involves integration risks and potential challenges in realizing expected synergies, with the purchase price not disclosed, making financial impact assessment difficult.
Key Players & Entities
- CACI International Inc (company) — Acquiring company
- ID Technologies, Inc. (company) — Acquired company
- January 22, 2025 (date) — Announcement date
- second half of fiscal year 2025 (date) — Expected closing period
FAQ
What is the primary strategic rationale behind CACI's acquisition of ID Technologies?
The acquisition is intended to enhance CACI's capabilities in secure communications and advanced technology solutions for the U.S. government.
When is the acquisition of ID Technologies expected to be completed?
The transaction is anticipated to close in the second half of fiscal year 2025.
What specific areas will ID Technologies strengthen within CACI's portfolio?
ID Technologies is expected to bolster CACI's offerings in secure communications and advanced technology solutions.
Has the purchase price for ID Technologies been disclosed?
The filing indicates that the acquisition is for an undisclosed amount.
What is the filing date for this 8-K report?
The report was filed on January 22, 2025.
Filing Stats: 470 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2025-01-22 16:24:05
Filing Documents
- caci-20250122.htm (8-K) — 28KB
- fy25-q2caci20250122ex991.htm (EX-99.1) — 401KB
- 0000016058-25-000028.txt ( ) — 577KB
- caci-20250122.xsd (EX-101.SCH) — 2KB
- caci-20250122_lab.xml (EX-101.LAB) — 21KB
- caci-20250122_pre.xml (EX-101.PRE) — 12KB
- caci-20250122_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
ITEM 2.02 Results of Operations and Financial Condition On January 22, 2025 , CACI International Inc released its financial results for the second quarter fiscal year 2025. A copy of the press release announcing the financial results as well as the schedule for a conference call and webcast on January 23, 2025 is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits Exhibit Number Description 99.1 Press Release dated January 22, 2025 announcing CACI's financial results for the second quarter fiscal year 2025 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CACI International Inc Date: January 22, 2025 By: /s/ J. William Koegel, Jr. J. William Koegel, Jr. Executive Vice President, General Counsel and Secretary