Transactions & News

QinetiQ Purchases Avantus Federal

This article was first published by Mergers & Acquisitions.

QinetiQ U.S., a wholly-owned subsidiary of QinetiQ Group plc, a global defense and security company, has purchased Avantus Federal, a data, cyber and space services company, from NewSpring Holdings for an enterprise value of $590 million.

The combination of QinetiQ and Avantus aims to create an offering of comprehensive services for sensitive and complex challenges that intelligence, defense, homeland, civilian and other government customers face. The integration will combine QinetiQ’s leadership in robotics and autonomous systems, sensing, protection systems and technology services with Avantus’ experience in strategic planning, operations and stakeholder collaboration in government operations such as cyber, data, government facility and outer space services.

“This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defense and security market in the world,” comments Steve Wadey, group chief executive officer for QinetiQ Group plc. “With a strong track record of 10 percent plus growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our U.S. defense and intelligence customers with agility and pace.”

Read more...

Related Articles

2022: A Robust Year of Transaction Activity for NewSpring Holdings

With a track record of helping successful companies reach new levels of growth by creating...

January 17, 2023

Read more

NewSpring exits Avantus through $590M QinetiQ deal

NewSpring Capital has closed on the sale of Avantus Federal to QinetiQ Group's US division, a deal...

December 13, 2022

Read more

Get the latest
NewSpring news

arrow_forwardSubscribe

Get the latest news delivered to your inbox

arrow_forward Subscribe now