BCKIY Babcock International Group PLC (PK)

   By Adria Calatayud 
 

Babcock International Group PLC said Friday that it has sold its cyberdefense consultancy Context to professional-services group Accenture for 107 million pounds ($136.7 million) in cash.

Babcock, a U.K. aerospace-and-defense company, said the sale continues its strategy of streamlining its portfolio.

Context made an operating profit of GBP2 million for the year to March 31, 2019, and had gross assets of GBP36 million as at Sept. 30, Babcock said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

March 06, 2020 05:08 ET (10:08 GMT)

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