M&A Deal Summary

Atlas Elektronik Acquires QinetiQ Group - Underwater Systems Business

On May 14, 2009, Atlas Elektronik acquired aerospace company QinetiQ Group - Underwater Systems Business from QinetiQ for 24M GBP

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

M&A Deal Summary
Date 2009-05-14
Target QinetiQ Group - Underwater Systems Business
Sector Aerospace
Buyer(s) Atlas Elektronik
Sellers(s) QinetiQ
Deal Type Divestiture
Deal Value 24M GBP

Target

QinetiQ Group - Underwater Systems Business

Dorset, United Kingdom
QinetiQ Group - Underwater Systems Business operates in the areas of hydro-acoustics, sonar, open architecture sonar and combat management systems, acoustic counter measures, submarine signatures, maritime security and control of unmanned maritime vehicles. The business is a provider to the UK Ministry of Defence and other defence departments and corporate customers internationally.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Atlas Elektronik

Bremen, Germany
Category Company
Founded 1902
Sector Aerospace
DESCRIPTION

Atlas Elektronik is a company for electronics and systems and specializes in equipment and systems for naval forces.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

QinetiQ

Farnborough, United Kingdom
Category Company
Founded 2001
Sector Life Science
Employees8,588
Revenue 1.9B GBP (2024)
DESCRIPTION

QinetiQ is a science and technology organization that deploys our scientific and technological knowledge, proven research capabilities and unique, purpose-built facilities to provide both services and products that meet the needs of a wide range of global customers. We operate primarily in the defence, security and critical national infrastructure markets. QinetiQ was founded in 2001 and is based in Farnborough, England.

DEAL STATS #
Overall 1 of 10
Sector (Aerospace) 1 of 2
Type (Divestiture) 1 of 9
Country (United Kingdom) 1 of 7
Year (2009) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-13 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.

Buy £10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Cyveillance

Reston, Virginia, United States

Cyveillance, Inc. is a provider of online risk monitoring and management solutions, providing an intelligence-based approach to security.

Buy $40M
Mergr

Product

Company

Legal