QinetiQ Group plc QinetiQ completes acquisition of MTEQ (7005X)
20 Dicembre 2019 - 2:24PM
UK Regulatory
TIDMQQ.
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 +44 (0) 7920
and Communications: 108675
+44 (0) 7908
Ian Brown, Group Head of Investor Relations: 251123
+44 (0) 7500
Jon Hay-Campbell, Group Head of Communications: 856953
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END
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