Announced
Completed
Financials
Tags
Acquisition
United States
Private
data analytics
Single Bidder
Friendly
Majority
Private Equity
Digital Services
Completed
Cross Border
Synopsis
QinetiQ, a defense company, completed the acquisition of Avantus Federal, a provider of mission-focused cyber, data analytics, and software development solutions, from NewSpring Capital, a private equity firm, for $590m. “We believe that the combination of QinetiQ US and Avantus will create a unique business in the US and globally with a powerful performance culture and scaled technical differentiation. This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-tier defense and intelligence company,” Shawn N. Purvis, QinetiQ US President and CEO.
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