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Cubic Corp. to acquire XIO Strategies

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Cubic Corp. said Tuesday it will acquire identification technology firm XIO Strategies Inc. Terms of the deal were not disclosed.

Cubic (NYSE: CUB), a San Diego defense contractor, said XIO will be combined with its global tracking business in Vienna, Va. The combined company, Cubic Global Tracking Solutions, will be led by Mary Ann Wagner, XIO's former president and CEO.

Cubic created its global tracking business after its acquisition of Impeva Labs in May 2010 to boost Cubic's entry into defense, homeland security and maritime logistics markets. Its new location in the Washington, D.C., metro area will help it serve customers from the Department of Defense, the company said.

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