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Defence

QinetiQ acquires Newman & Spurr Consultancy

QinetiQ announced today that it has acquired Newman & Spurr Consultancy Limited (NSC) on a cash-free, debt-free basis for £14 million.


Courtesy QinetiQ

In the 12 months to 31st July 2019, NSC generated £5.9 million of revenue and £1.3 million of EBITDA.

NSC offers a range of attractive training and simulation solutions, primarily in land and joint training areas.

NSC represents another strategy-led acquisition for QinetiQ, enhancing its capability in areas such as modelling and simulation, synthetic environments and operational analysis.

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The acquisition will support QinetiQ's global training and mission rehearsal campaign driving future sustainable growth.

 

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