SAIC sells oil and gas IT services business
SAIC Inc. agreed to sell its business units focused on specialized information technology services for oil and gas companies to Bangalore, India-based Wipro Ltd.’s Wipro Technologies division for $150 million in cash. The sale includes SAIC subsidiaries in Britain, France, India and the Middle East. The operations being sold have a combined workforce of 1,450.
McLean-based SAIC says it is selling the operations to concentrate its energy segment on strategic growth areas such as renewable energy and smart-grid technology.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.