QinetiQ completed the acquisition of Avantus Federal from NewSpring Capital for $590m.

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.