Reston, Virginia-based Leidos Holdings has completed its $215 million acquisition of Reston-based IT services company 1901 Group. 1901 Group’s 400 employees will join the group as a result of the acquisition. 1901 Group was founded in 2009. The company’s name is a reference to the year 1901 when automation of the assembly line was invented — factory floor principles it says are the foundation of its IT enterprise modernization services.
Based in Reston, Virginia, Leidos has 36,000 employees and is the third-largest government technology contractor in the D.C. area.
According to wtop.com, "1901 Group specializes in cloud, cybersecurity and digital modernization services. In addition to its Reston headquarters, it has offices in Virginia’s Blacksburg and Abingdon, and personnel at more than two dozen locations across the U.S. The company’s customers include federal government agencies such as the departments of justice, agriculture, and education, as well as the Small Business Administration and U.S. Army."
As per wtop.com, "While a significant acquisition for Leidos, it made two, much larger deals in the last year. In 2020, Leidos acquired Huntsville, Alabama-based Dynetics for $1.65 billion, and L3 Harris Technologies’ security detection and automation business for $1 billion. Leidos has 36,000 employees and is the third-largest government technology contractor in the D.C. area, with 11,000 employees locally."
Maryam N. is a Senior Writer at Nesbitt Realty. She is an expert on Fairfax County. Maryam has also worked previously as a geologist. She is a foodie and enjoys cooking and exploring new restaurants.
