posted on Sep 11, 2013 by NelsonHall Analyst
Tags: Lockheed Martin, Professional Services
Earlier this week, Lockheed Martin Information Systems & Global Services (IS&GS) acquired Amor Group. Headquartered in Glasgow, Scotland, Amor has ~540 staff and offers products and services, largely, to education, energy and transport sectors in the U.K. and internationally in North America and the Middle East. Its IP includes products for oil and gas assets protection, and management of airport operations.
Lockheed Martin's IS&GS business has been affected by sequestration in its core U.S. public sector market and is clearly looking for growth elsewhere by expanding into new geographies and sectors.
A successful U.K. business such as Amor fits the bill well. Amor had an impressive year in 2012, with revenues growing 27% organically to £57.2m and an EBITDA margin of 14.16%. Amor brings to IS&GS vertical and civilian products with an established presence and synergies in target markets. In particular, Amor's airport operations products will complement IS&GS’ civilian pilot training capabilities that it acquired in 2011 with Sim Industries.