Booz Allen Hamilton has finalized its acquisition of Aquilent, a digital services firm in Laurel.
Aquilent, which specializes in digital and cloud services for government agencies, employs about 310 people in Laurel, down from 350 when the deal was announced in November. All are expected to stay on with the company.
The deal is expected to boost the McLean, Va.-based Booz Allen's revenue by $20 million in fiscal 2017. Booz Allen in November said it would pay $250 million to acquire Aquilent, but on Tuesday declined to confirm the financial terms of the deal.
Under the agreement, Aquilent, also known as eGov Holdings Inc., will operate as a wholly-owned subsidiary of Booz Allen. Its clients include the U.S. Department of Health and Human Services, U.S. Postal Service and General Services Administration.
Booz Allen, known for its business management and consulting services among government agencies, Fortune 500 companies and nonprofit organizations, sought to acquire Aquilent as it expands its technology services. The firm has 22,800 employees globally, including including 3,740 at 11 locations in Maryland.
This story has been updated to reflect Aquilent's current employment.