QinetiQ Group PLC

M&A Activity • Dec 11, 2015

National Storage Mechanism | Additional information

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RNS Number : 8665I

QinetiQ Group plc

11 December 2015

QinetiQ Group plc

Sale of Cyveillance business to LookingGlass Cyber Solutions

11 December 2015: QinetiQ Group Plc announces today it has reached an agreement to sell Cyveillance, Inc. ("Cyveillance"). Cyveillance was previously a business unit in the US Services division (sold on 23 May 2014).

The business has been bought by LookingGlass Cyber Solutions, Inc. for a cash consideration of $35 million before transaction expenses.  In the full year ending 31 March 2015 the Cyveillance business had revenue of $18m.

Notes to Editors:

About QinetiQ Group plc

A FTSE250 company, QinetiQ uses its world class knowledge, research and innovation to provide high-end technical expertise and advice, to customers in the global aerospace, defence and security markets. QinetiQ's unique position enables it to be a trusted partner to government organisations, predominantly in the UK and the US, including defence departments as well as other international customers in targeted sectors.

For more information visit www.qinetiq.com 

ENDS

Enquiries:

QinetiQ Group plc
David Bishop	+44 (0) 7920 108675
Press Office	+44 (0) 1252 393500
Citigate Dewe Rogerson (PR adviser)
Chris Barrie	+44 (0) 7968 727289

This information is provided by RNS

The company news service from the London Stock Exchange

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