Luna Innovations, an optical technology company, completed the acquisition of OptaSense, a market leader in fiber optic distributed monitoring solutions for pipelines, from QinetiQ, a defense company providing mission-critical solutions, for £29m. "The acquisition of OptaSense marks an incredibly important milestone in Luna’s history and will further support our growth trajectory. With the combination of Luna and OptaSense, we are bringing together businesses with strong adjacencies and a large, combined opportunity. This transaction allows Luna to acquire a leader in fiber optic sensing solutions and distributed acoustic sensing systems of a global size and scale that will truly be transformative to our company. In addition, OptaSense’s success has been driven by a world class, industry-leading technology base and a very talented team of employees. We are very excited about welcoming them to the Luna team," Scott Graeff, Luna President and Chief Executive Officer.