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[Satellite TODAY 08-02-10] Harris Corp. has completed its $525 million acquisition of CapRock Communications, Harris announced July 30.
As a result of the combination, Harris will acquire CapRock’s end-to-end managed communication service customers in the government and enterprise sector. CapRock Communications CEO Peter Shaper will serve as president of the business, which will operate as a subsidiary of Harris.
The all-cash deal, announced in May, remains subject to post-closing adjustments. Harris financed the acquisition using a combination of cash on hand, commercial paper, and borrowings under its committed credit facilities.
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