M&A Deal Summary

QinetiQ Acquires Novare Services Pty

On January 2, 2008, QinetiQ acquired defense company Novare Services Pty

Acquisition Highlights
  • This is QinetiQ’s 3rd transaction in the Defense sector.
  • This is QinetiQ’s 2nd transaction in Australia.

M&A Deal Summary

Date 2008-01-02
Target Novare Services Pty
Sector Defense
Buyer(s) QinetiQ
Deal Type Add-on Acquisition

Target

Novare Services Pty

Brisbane, Australia
Novare provides engineering and logistics services to the Australian Department of Defence, its prime contractors and selected commercial partners. Novare’s core expertise is in explosive ordnance and weapons, aerospace systems, advanced technical data management and performance based contracting.

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Buyer(S) 1

Buyer

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 STATS #
Overall 8 of 16
Sector: Defense M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 14
Country: Australia M&A 2 of 4
Year: 2008 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 Ball Solutions Group Pty

Braddon, Australia

Ball Solutions Group is a provider of professional and consulting services, primarily to the Australian Department of Defence. Company operates in three main practice areas: business systems and applications; data acquisition and management; and operations research and analysis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-18 AeroStructures Group

Canberra, Australia

AeroStructures Group principle business is the engineering analysis and assessment of aircraft and helicopter structures with emphasis on structural integrity management and airframe life extension. The business also delivers specialist engineering professional development training in Australia, New Zealand and Asia and undertakes Non Destructive Testing (NDT) management, design and inspection services. AeroStructures has offices in South Melbourne, Victoria (Head Office); Port Melbourne, Victoria; Williamtown, New South Wales; and Oakey, Queensland.

Buy -