20th Dec 2019 15:15
(Alliance News) - QinetiQ PLC on Friday said it has completed the acquisition of MTEQ following the required regulatory approvals.
QinetiQ had announced the acquisition of sensing solutions firm Manufacturing Techniques Inc - or MTEQ - in the beginning of October for up to USD125 million.
QinetiQ said the MTEQ purchase will bolster its international growth prospects and innovation strategy whilst accelerating its growth in the US, which is the world's largest defence market.
Shares in the defence, security and critical infrastructure company were up 2.5% at 360.20 pence on Friday.
By Arvind Bhunjun; [email protected]
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