Divestiture • Aerospace

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 Context
  • 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.

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M&A Deal Summary

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

Target Company

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.
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Buyer Overview 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 Context for Buyer #
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 Profile 1

SELLER

QinetiQ

Farnborough, United Kingdom

Category Company
Founded 2001
Sector Life Science
Employees8,403
Revenue 1.9B GBP (2025)
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 Context for Seller #
Overall 1 of 11
Sector: Aerospace 1 of 2
Type: Divestiture 1 of 10
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

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