Armor Holdings buys military truck maker

Dublin, Ireland-based Armor Holdings, Inc. has signed a definitive merger agreement to acquire Houston-based Stewart & Stevenson Services, Inc. AH has agreed to pay $35 per share in cash for the business

Dublin, Ireland-based Armor Holdings, Inc. has signed a definitive merger agreement to acquire Houston-based Stewart & Stevenson Services, Inc. AH has agreed to pay $35 per share in cash for the business.

According to news services, the deal is worth $1.1 billion.

A manufacturer of medium and light tactical vehicles, Steward & Stevenson was founded in 1902.

For more information, go to www.armorholdings.com.

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