M&A Deal Summary

Redwire Acquires QinetiQ Space

On October 3, 2022, Redwire acquired aerospace company QinetiQ Space from QinetiQ Group for 32M EUR

Acquisition Highlights
  • This is Redwire’s 8th transaction in the Aerospace sector.
  • This is Redwire’s 0th largest (disclosed) transaction.
  • This is Redwire’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-10-03
Target QinetiQ Space
Sector Aerospace
Buyer(s) Redwire
Sellers(s) QinetiQ Group
Deal Type Divestiture
Deal Value 32M EUR

Target

QinetiQ Space

Farnborough, United Kingdom
QinetiQ Space delivering earth observation, platforms, mechanisms, and science instruments in the space sector. QinetiQ Space was founded in 1983 and is based in Farnborough, United Kingdom.

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Buyer(S) 1

Buyer

Redwire

Jacksonville, Florida, United States

website


Category Company
Sector Aerospace
Revenue 161M USD (2022)
DESCRIPTION
Redwire's headquarters in Jacksonville, Florida.
Redwire's headquarters in Jacksonville, Florida.

Redwire is a provider of space solutions and high-reliability components for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. Redwire is based in Jacksonville, Florida.


DEAL STATS #
Overall 8 of 8
Sector (Aerospace) 8 of 8
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Techshot

Greenville, Indiana, United States

Techshot is a provider in biotechnology in microgravity, bioprinting, and on-orbit manufacturing needed for commercial space-based research and development. Techshot was founded in 1989 and is based in Greenville, Indiana.

Buy -

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 10 of 10
Sector (Aerospace) 2 of 2
Type (Divestiture) 9 of 9
Country (United Kingdom) 7 of 7
Year (2022) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS 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