Dynamics Research buys Virginia firm

Dynamics Research Corp., an engineering and information technology company based in Andover, said today that it will acquire Kadix Systems LLC, a high-end management consulting firm.

The terms of the agreement include a $42 million cash price with the potential for additional consideration of up to $5 million, based on the achievement of certain conditions, according to a company release. Kadix Systems, based in Arlington, Va., reported revenues of $23 million and $3.8 million in net income for 2007, according to the release. The deal is expected to close by early August.

Founded in 1955, Dynamics Research Corp. has more than 25 offices in the US. Kadix Systems has about 270 employees.
(By Elizabeth Campbell, Globe correspondent)