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QinetiQ US Closes Acquisition of Data, Cyber, and Space Services Firm Avantus Federal
Friday 25 November 2022

UK-based defense technology company QinetiQ Group plc's (LSE: QQ.) QinetiQ US subsidiary has completed its acquisition of US-based data, cyber, and space services and solutions firm Avantus Federal from NewSpring Holdings for an enterprise value of USD 590, the company said.

The combination of QinetiQ US and Avantus creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face TODAY.

This transaction was previously announced August 5, and the transition is expected to be seamless for customers, partners, and employees.

This integration will combine QinetiQ's leadership in robotics and autonomous systems, sensing, protection systems, and next-generation technology services with Avantus' advantages in strategic planning, operations, and stakeholder collaboration in a host of government operations, including cyber, data, government facility, and outer space solutions.

The combination will deliver mission-led innovation in hardware, software, and mission services to the growing needs of defense, intelligence, homeland security, and law enforcement organizations, along with civilian agencies in the United States and close-US allied nations including the United Kingdom and Australia.

QinetiQ US performs on classified contracts through a Special Security Agreement with the Defense Counterintelligence and Security Agency.

Citizens and Gleacher Shacklock served as joint lead financial advisers and Baker McKenzie served as counsel to QinetiQ. Guggenheim Securities, LLC served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise.

Blank Rome LLP and Kirkland & Ellis LLP served as counsel to Avantus.

QinetiQ US is a defense and security company in the United States.

QinetiQ US is a provider of technologically advanced services and products to the US Department of Defence and national security agencies, positioned to deliver key aspects of the modernization.

QinetiQ's engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems.

QinetiQ US operates as the US arm of QinetiQ Group plc, an integrated global defense and security company focused on innovation for defense, security and civil customers.

QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement with the US Defence Counterintelligence & Security Agency.

Avantus Federal is a mission-focused data, cyber, and space services and solutions company.

As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly cleared professionals lead with technical and domain expertise for its Defence, Intelligence, Homeland Security, and Federal Civilian customers.
Details
Date Published: 25/11/2022

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