QinetiQ US to Acquire Avantus Federal
QINETIQ GROUP PLC ADR (QNTQY)
NASDAQ:AMEX Investor Relations:
qinetiq.com/investors
Company Research
Source: Business Wire
LORTON, Va. & MCLEAN, Va.--(BUSINESS WIRE)--QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc and a leading defense company providing mission-critical solutions in robotics and autonomous systems, sensing, protection systems, and next-generation autonomous vehicles announced today that it has entered into a definitive agreement to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus will create a powerful growth platform to address the complex and large scale intelligence and defense challenges government customers face today. The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by end of calendar year 2022.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220805005388/en/Avantus is a leading provider of mission-focused cyber, data analytics, and software de
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