08:38 AM EDT, 09/16/2024 (MT Newswires) -- CACI International ( CACI ) said Monday that it has agreed to acquire Azure Summit Technology in an all-cash deal valued at $1.28 billion.

CACI ( CACI ) said it expects to realize a tax benefit of $194 million over the next 15 years as a result of the acquisition, with the effective consideration being $1.08 billion net of the present value of the tax benefit.

The deal is slated to be completed in Q2 of fiscal 2025, CACI ( CACI ) said.