M&A Deal Summary

Redwire Acquires QinetiQ Space

On October 3, 2022, Redwire acquired aerospace company QinetiQ Space from QinetiQ 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
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
Category Company
Sector Aerospace
Employees700
Revenue 244M USD (2023)
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 9
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Hera Systems

San Jose, California, United States

Hera Systems is a spacecraft developer focused on specialized missions for national security space customers. Hera Systems was formed in 2013 and is based in San Jose, California.

Buy -

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 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
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