QinetiQ completes acquisition of MTEQ

RNS Number : 7005X

QinetiQ Group plc

20 December 2019

 

News Release

 

QinetiQ Group plc

QinetiQ completes acquisition of MTEQ

20 December 2019

QinetiQ Group plc ("QinetiQ") is pleased to announce completion of the acquisition of Manufacturing Techniques Inc. (MTEQ) following receipt of required regulatory approvals. This follows the announcement on 2 October 2019 of an agreement to acquire MTEQ.

MTEQ is a leading US provider of advanced sensing solutions with a strong reputation for mission-led innovation, rapidly developing and fielding operationally relevant solutions to deliver information advantage to the warfighter.

The acquisition of MTEQ delivers a number of strategic benefits to QinetiQ including strengthening our international growth and innovation strategy whilst accelerating our growth in the US, the world's largest defence market.

More details on our acquisition of MTEQ can be found here.

Notes for Editors:

About QinetiQ:

QinetiQ (QQ.L) is a leading science and engineering company operating primarily in the defence, security and critical infrastructure markets. We work in partnership with our customers to solve real world problems through innovative solutions delivering operational and competitive advantage. Visit our website www.QinetiQ.com. Follow us on LinkedIn and Twitter @QinetiQ. Visit our blog www.QinetiQ-blogs.com.

For further information please contact:

David Bishop, Group Director Investor Relations and Communications:	[phone]
Ian Brown, Group Head of Investor Relations:	[phone]
Jon Hay-Campbell, Group Head of Communications:	[phone]

 

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