QinetiQ completes MTEQ acquisition
By Loren Blinde
December 26, 2019
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On December 20, QinetiQ Group plc announced the 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 its international growth and innovation strategy while accelerating its growth in the U.S., the world’s largest defense market.
Source: QinetiQ