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

Sammons Financial Group Enters into a Definitive Agreement to Acquire Wealthcare Capital Management from NewSpring Holdings

Sammons Financial Group announces it has signed a definitive agreement to acquire Wealthcare LLC...

Transactions & News

June 03, 2025

Read more

NewSpring Holdings Platform Company CoreX Expands Coverage of Latin America and EMEA With a Definitive Agreement to Acquire the Businesses of Volteo Digital

CoreX, a next-generation ServiceNow consultancy and a NewSpring Holdings platform company, has...

Transactions & News

February 11, 2025

Read more

Get the latest
NewSpring news

arrow_forwardSubscribe

Get the latest news delivered to your inbox

arrow_forward Subscribe now