Completion of Combination of Analogic and Leidos’ Security Enterprise Solutions Business
October 5, 2026
New York, NY – Altaris, LLC (collectively with its managed funds, “Altaris”), announced today the closing of the previously announced combination of Analogic Corporation (“Analogic”) with the Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses of Leidos, Inc. (NYSE: LDOS) (“Leidos”). The combined company will operate under the Analogic brand as a privately held company headquartered in Salem, New Hampshire, and will be led by Analogic’s current Chief Executive Officer, Tom Ripp.
The combination creates a stronger global security imaging and detection company with broader capabilities, deeper customer relationships and greater scale to support customers across airports, ports, borders, critical infrastructure, and other mission-critical environments.
Read more at www.analogic.com/news-events.
Advisors
Kirkland & Ellis LLP and Hinkley Allen & Synder LLP acted as legal counsel to Altaris. Leidos retained PJT Partners as financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP and DLA Piper as legal advisors in connection with the transaction.
About Altaris
Altaris is an investment firm with an exclusive focus on acquiring and building companies in the healthcare industry. Since its inception in 2003, Altaris has invested in more than 50 companies across a range of healthcare subsectors, with a consistent goal of delivering value to the healthcare system and generating attractive financial returns for investors. Altaris is headquartered in New York City and manages $10 billion of equity capital. For more information, please visit www.altariscap.com.
About Analogic
Analogic, headquartered in Salem, New Hampshire, is a global provider of advanced imaging, detection, automation, and power technology solutions. The company designs, develops, manufactures, and supports a comprehensive portfolio of solutions for aviation security, ports and borders, critical infrastructure, healthcare, and industrial markets worldwide. Backed by decades of innovation and a global installed base, Analogic combines advanced imaging, artificial intelligence, precision power, automation, and lifecycle support capabilities to help customers meet evolving operational and regulatory requirements. For more information, visit www.analogic.com.
About Leidos
Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with approximately 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.leidos.com.