QinetiQ agrees £61m German acquisition
QinetiQ has today (24 Apr) announced that it has agreed a deal to acquire the £17.4m turnover German company E.I.S Aircraft Operations.
E.I.S is a leading provider of airborne training services, delivering threat representation and operational readiness for military customers across the globe.
It has been the exclusive provider of low-speed aerial training services to the German armed forces since 1999 and delivers aerial training services to the United States Air Force in Europe.
It also modifies aircraft for special missions through the integration of sensors and digital systems used in intelligence, surveillance and reconnaissance (ISR).
The acquisition will enhance QinetiQ’s global reputation and will help it expand its presence in key markets such as Central Europe and the Middle East.
Steve Wadey, QinetiQ CEO, said: "E.I.S Aircraft Operations is a high growth business which provides airborne training at a disruptively low price.
“This acquisition supports our strategy for international growth by providing access to the European defence market and enhancing our ability to deliver capability integration, threat representation and operational readiness for customers.
"We look forward to welcoming the Aircraft Operations team in Germany to QinetiQ and working with them to continue to grow the business both within their existing markets and beyond."
Published: 24 April 2018