QinetiQ completes strategic investment in Inzpire

RNS Number : 8959H

QinetiQ Group plc

20 November 2018

 

News Release

 

QinetiQ Group plc

QinetiQ completes strategic investment into Inzpire

20 November 2018

QinetiQ Group plc ("QinetiQ") is pleased to announce that it has completed its strategic investment into Inzpire Group Limited ("Inzpire"). This follows the announcement on 22 October 2018 of an agreement to acquire 85% of the shares of Inzpire. QinetiQ will acquire the remaining 15% after two years.

Inzpire is a leading provider of operational training and mission systems for military customers in the UK and internationally. The investment enhances QinetiQ's capabilities in defence operational training, complements our mission systems expertise with a portfolio of disruptive products and provides significant international potential.

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.

About Inzpire:

Inzpire is a multi award-winning supplier of advanced defence training, technical services and cutting-edge mission systems. The company is a trusted partner of the UK MOD and employ highly experienced former military personnel who work alongside very skilled defence engineers and business professionals to deliver operationally credible solutions to military customers. Follow us on LinkedIn and Twitter @InzpireLimited and visit us at https://www.linkedin.com/company/inzpire-ltd/ and www.inzpire.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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