QinetiQ completes Avantus Federal acquisition
Image courtesy QinetiQ
Further to its announcement on 5th August 2022, QinetiQ Group has completed the acquisition of Avantus Federal LLC, a provider of cyber, data analytics and software development solutions to the US Department of Defense (DoD), Intelligence Community, Department of Homeland Security and other Federal civilian agencies.
The acquisition of Avantus is a major step towards achieving QinetiQ's strategic growth ambition in the largest defence and security market in the world.
Avantus’ customer relationships, contract vehicles and technical capabilities are complementary to QinetiQ's existing US business and the combination creates a strong platform to drive further growth in the US and beyond. Avantus is a highly attractive business at the heart of the US customers’ mission and a strong strategic fit directly aligned with the Group’s six distinctive offerings.
QinetiQ is on-track to deliver our long-term strategy to build a world-leading defence and intelligence company delivering mission-led, disruptive innovation to our customers across the US, UK, Australia and other customers around the world.
Since the initial announcement of the acquisition, Avantus has continued to perform well: the business has won significant new awards, maintained its high employee retention rate and delivered financial results in line with our expectations. QinetiQ's integration plan has been fully prepared and it is now focused on executing the integration of Avantus.
This comes in the same week as QinetiQ - along with its Aurora Partners Atkins and BMT - secured a £31 million contract win with the UK Ministry of Defence (MoD) to support the Future Combat Air System (FCAS) for aircraft that will replace the Typhoon from the mid-2030s.
Steve Wadey, Group Chief Executive Officer of QinetiQ, said: “I am delighted that we have completed the acquisition of Avantus today – it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customers’ mission.
"This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world. With a strong track record of 10%+ growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our US defence and intelligence customers with agility and pace.”
Shawn Purvis, President and Chief Executive Officer of QinetiQ US, said: “We are thrilled to welcome our Avantus colleagues to QinetiQ US. Avantus’ elite talent, differentiated technology solutions and dedication to mission, complement our innovative culture. I am honoured to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customers’ missions.”
