M&A Deal Summary

Luna Acquires OptaSense

On December 3, 2020, Luna acquired technology hardware company OptaSense from QinetiQ Group for 29M GBP

Acquisition Highlights
  • This is Luna’s 2nd transaction in the Technology Hardware sector.
  • This is Luna’s largest (disclosed) transaction.
  • This is Luna’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2020-12-03
Target OptaSense
Sector Technology Hardware
Buyer(s) Luna
Sellers(s) QinetiQ Group
Deal Type Divestiture
Deal Value 29M GBP

Target

OptaSense

Hampshire, United Kingdom
website
OptaSense Ltd. is a fiber optic distributed monitoring solutions for pipelines, oilfield services, security, highway monitoring and railway monitoring, and power and utilities monitoring systems. OptaSense is based in Hampshire, United Kingdom.

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Buyer(S) 1

Buyer

Luna

Roanoke, Virginia, United States

website

Category Company
Founded 1990
Sector Test/Measurement Equipment
Employees385
Revenue 83M USD (2020)
DESCRIPTION

Luna is an optical technology, providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic sensing for the aerospace and automotive industries. Luna was founded in 1990 and is based in Roanoke, Virginia.

DEAL STATS #
Overall 4 of 6
Sector (Technology Hardware) 2 of 2
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 2
Year (2020) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 New Ridge Technologies

Owings Mills, Maryland, United States

New Ridge Technologies LLC is a developer and manufacturer of fiber optic test and measurement equipment and advanced fiber optic subsystems primarily for telecommunication and polarization-control applications. New Ridge Technologies is based in Owings Mills, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Luna Labs USA

Charlottesville, Virginia, United States

Luna Labs USA is a technology resource for aerospace, energy, automotive, health sciences, first responders, telecommunications, and defense. Luna Labs USA is based in Charlottesville, Virginia.

Sell $21M

Seller(S) 1

SELLER

QinetiQ Group

Farnborough, United Kingdom

website

Category Company
Founded 2001
Sector Life Science
Employees6,915
Revenue 1.3B GBP (2022)
DESCRIPTION

QinetiQ Group is one of Europe's largest science and technology organisations. QinetiQ Group was founded in 2001 and is based in Farnborough, the United Kingdom.

DEAL STATS #
Overall 9 of 10
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 8 of 9
Country (United Kingdom) 6 of 7
Year (2020) 4 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Commerce Decisions

Oxford, United Kingdom

Commerce Decisions Ltd. is a provider of tender assessment and management software. Commerce Decisions was founded in 2001 and is based in Oxford, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Avantus

McLean, Virginia, United States

Avantus is a provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense, Intelligence Community, Department of Homeland Security, and other law enforcement and civilian agencies. Avantus is based in McLean, Virginia.

Buy $590M
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