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Magic Software Enterprises Ltd Acquires KBR Inc's Allstates Technical Services, LLC Enterprise Operations

Tuesday, 8 Oct 2013 08:25am EDT 

Magic Software Enterprises Ltd announced that it has entered into an agreement with KBR Inc to acquire the US enterprise operations of KBR subsidiary, Allstates Technical Services, LLC, for $10 million. The acquisition is expected to be finalized by mid-November 2013, subject to the fulfillment of certain conditions defined in the acquisition agreement. The acquisition will be managed by Magic's US-based Fusion Solutions LLC subsidiary. 

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