QinetiQ Group completed the acquisition of Manufacturing Techniques for $125m.

QinetiQ Group, a science, and engineering company operating primarily in the defense, security and aerospace markets, completed the acquisition of Manufacturing Techniques, US provider of advanced sensing solutions, for $125m. MTEQ has a strong track record and further growth potential in an expanding sensors market. It will accelerate its growth in the US, the world's largest defense and security market. This will strengthen the implementation of international growth and innovation strategy across the group. "The acquisition of MTEQ is a significant step towards achieving our ambition to build an integrated global defence and security company, more than doubling the size of our operations in the largest defence and security market in the world. I am excited that MTEQ will be joining QinetiQ as its core proposition of rapidly creating new and disruptive capabilities to respond to emerging threats is so well aligned to our own. I look forward to welcoming MTEQ expert employees and high quality leadership team to QinetiQ," Steve Wadey, QinetiQ CEO.