HP Completes $13.9 Billion Acquisition of EDS

PALO ALTO, Calif., Aug 26, 2008 (BUSINESS WIRE) -- HP (HPQ) today announced that it has completed its acquisition of Electronic Data Systems Corporation (EDS), creating a leading force in technology services

Info Services

The acquisition is, by value, the largest in the IT services sector and the second largest in the technology industry, following HP's acquisition of Compaq, which closed in 2002. The companies' collective services businesses, as of the end of each company's 2007 fiscal year, had annual revenues of more than $38 billion and 210,000 employees, operating in more than 80 countries.

KMT

Kennametal Announces Acquisition of Tricon Metals & Services; Expands Advanced Materials Business

Industrial Machinery

Tricon is a leading provider of custom wear solutions specializing in consumable proprietary steels for the surface and underground mining markets, including hard rock and coal. Solutions include cladded products, wear pins, shafting and custom fabricated replacement components.

Kennametal conducts acquisitions according to a disciplined process that is part of the company's management operating system known as the Kennametal Value Business System (KVBS).