Organization: Nortel Federal Network Solutions

Nortel buys PEC Solutions for US$448 million

Nortel Networks Corp has acquired Fairfax VA-based PEC Solutions Inc for US$ 448 million, the first major acquisition since the telecom meltdown. PEC will be merged with Nortel Federal Network Solutions to create Nortel PEC Solutions with headquarters in Fairfax. PEC’s executive team will be retained. The purchase is seen as a major boost to…