QinetiQ US, a wholly owned subsidiary of integrated global defense and security company QinetiQ Group plc, has finalized its acquisition of Avantus Federal from NewSpring Holdings for an enterprise value of $590 million.
This transaction was announced Aug. 5.
âWe are thrilled to welcome our Avantus colleagues to QinetiQ US,â said QinetiQ US President and CEO Shawn Purvis. âAvantusâ elite talent, differentiated technology solutions, and dedication to mission complement our innovative culture. I am honored to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customersâ missions.â
This integration will combine QinetiQâs capabilities in robotics and autonomous systems, sensing, protection systems and next-generation technology services with Avantusâ advantages in strategic planning, operations and stakeholder collaboration in a host of government operations. Domains include cyber, data, government facility and outer-space solutions.
The combination with QinetiQ US âis key to providing more opportunities and growth for our people and customers,â said Avantus Chairman and CEO Andy Maner.
The company will deliver hardware, software and mission services to defense, intelligence, homeland security and law enforcement organizations, along with civilian agencies in the U.S. and allied nations.
âI am delighted that we have completed the acquisition of Avantus today †it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customersâ mission,â said QinetiQ Group plc CEO Steve Wadey.
âThis acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world.â