Parsons buys Sealing Technologies for $200M (NYSE:PSN)

House project in virtual reality


House project in virtual reality

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Parsons (NYSE:PSN) acquired Maryland-based cyber and technology company Sealing Technologies for $200M.

Parsons is paying $175M of cash at closing for SealingTech, with an additional $25M earn out payable in Q1 2025 if certain revenue targets are met during 2024.

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