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  5. Qubitekk Acquires QinetiQ Group - Quantum Key Distribution Patent Portfolio

M&A Deal Summary

Qubitekk Acquires QinetiQ Group - Quantum Key Distribution Patent Portfolio

On January 28, 2020, Qubitekk acquired information technology company QinetiQ Group - Quantum Key Distribution Patent Portfolio from QinetiQ

Acquisition Highlights
  • This is Qubitekk’s 1st transaction in the Information Technology sector.
  • This is Qubitekk’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2020-01-28
Target QinetiQ Group - Quantum Key Distribution Patent Portfolio
Sector Information Technology
Buyer(s) Qubitekk
Sellers(s) QinetiQ
Deal Type Divestiture

Target

QinetiQ Group - Quantum Key Distribution Patent Portfolio

Farnborough, United Kingdom
QinetiQ Group Plc - Quantum Key Distribution Patent Portfolio includes 57 patent filings, across 17 patent families, and covers novel technological approaches in quantum science. One of the focus technologies in the portfolio allows QKD to be used across long distances.

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Buyer(S) 1

Buyer

Qubitekk

Vista, California, United States
Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

Qubitekk designs, builds, and integrates the hardware and software for quantum networks, precursors to the quantum-enabled internet, while championing the growth of a robust quantum ecosystem through education, advocacy, and collaboration. Qubitekk was founded in 2012 and is based in Vista, California.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 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 STATS #
Overall 6 of 11
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 5 of 10
Country: United Kingdom M&A 3 of 7
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 RubiKon Group Pty

Brisbane, Australia

RubiKon Group Pty Ltd. is an integrated logistics support provider. RubiKon Group Pty Ltd. was established in 2009 and is headquartered in Brisbane, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Boldon James

Farnborough, United Kingdom

Boldon James is a provider of software solutions for high-end secure messaging, primarily for military, government, and security customers. Its applications are commonly used for communicating highly confidential strategic and tactical information across multiple sites and geographical locations. Boldon James was formed in 1985 and is based in Farnborough, United Kingdom.

Sell £30M
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