Janes, a global agency for open-source defence intelligence, completed the acquisition of the defence market analytics business of Avascent, a strategy consulting firm, for $470m. “I’m delighted to announce the acquisition of GPS from Avascent – it’s a great addition to our portfolio of trusted open-source defence intelligence solutions and allows us to enhance our position as the leading provider of defence market forecasts worldwide. This acquisition comes as we continue to build on the momentum we have created since becoming an independent business and ensures that we will continue to deliver the objective open-source intelligence and analytics that the world of defence and security relies upon," Blake Bartlett, Janes CEO.